Topic: bitcoin unlimited? (Read 2029 times)

Bitcoin knows no boundaries, neither the boundaries nor the boundaries of any banking and state rules. That is, transactions with bitcoin can be done across regions and continents.

bitcoin is a virtual currency. bitcoin is created by an algorithm so bitcoin has certain limits. The bitcoin value decreases with time and it will reach the lowest level for about 20 years. You should carefully consider when investing in bitcoin.

As far as I know bitcoin will have certain limits. Nowadays, bitcoin value is decreasing and will be the lowest value in 10 years. Therefore, everyone should be careful when investing in bitcoin.

Bitcoin unlimited is a full bitcoin client and is an alternative to the original Bitcoin Core client. It offers high levels of security, privacy and stability.This client is a full bitcoin node that helps  the bitcoin network relay transactions, however it requires at least 500 gigabytes of hard disk space and is not recommended for new users of bitcoin. It is a worldwide peer to peer electronic cash system to the users of bitcoin unlimited this means low and predictable fees reliable confirmation times and use able instant transactions.

The miners Bitcoin, commonly referred to miner, have some way to collect pundi-pundi money digital. From the simple with a small, until the professional with a more than dozens of million rupiah.

Bitcoin own created from a system that is often issued a combination of those numbers unique. This is a figure which then arrested with a and software specifically, to be interpreted as Bitcoin.

Bitcoin is not unlimited it only have a finite supply. The best way to do is keep or hold your bitcoins because so far bitcoin price will goes up. You can get more bitcoins when you buy it when the price is low.

I cant understand your english grammar but as far as i know bitcoin is not unlimited. It is only limited to 21 million and we currently mined for about 18 million of it. If its going to be unlimited, it will be good because it can help people forever. But there are still advantages and disadvantages of having an unlimited resources of bitcoin.

does not agree if bitcoin is unlimited, because bitcoin is a valuable item and Bitcoin can not be created just like that, while Bitcoin must be mined through digital devices and bitcoin itself is a digital eye unit. Because it is a provision set by the founder of Bitcoin, he has a fairly limited supply.

Bitcoin unlimited is a terrible idea. That defeats the purpose of Bitcoin being sound money. It needs to be a store of value first, and scale globally, before it can be a medium of exchange.

Yeah bitcoin is limited but it will take more and more years till the bitcoins that are being mined reach zero and for now just work harder to earn more bitcoins because in the future probably the bitcoins value will dominate depending on the demands.

If bitcoin going unlimited like on economic theory when commodity going unlimited than the value of the comodity will going down or not have any value because when stock bitcoin commodity go unlimited then the competition to earn bitcoin going low and made bitcoin value will be not have value anymore.

Bitcoin is limited, because we can know together that there are certain time periods that bitcoin always decreases half of the previous amount and it will continue until bitcoin in the mining area is exhausted or zero so that the mine can no longer operate it is called halving day.

Yes because of the limited supply of bitcoin they can encouraged more investors to invest and make it valuable. The demand is also high because bitcoin is useful for everyone who wanted to earn a good income.

this is what we use from bitcoin investments, because the limited amount of bitcoin will cause the bitcoin price to be high, the fewer bitcoin left in the mine will be the point where bitcoin prices are so high, even if bitcoin enthusiasts remain numerous,
these are all investors' expectations

Bitcoin Unlimited uses a protocol called Emergent Consensus.
It involves two miner-controlled parameters: EB "Extension Block", which is the size of the block the miner wants to vote for, and AD "Admittance Depth", which is how strongly the miner wants to vote for his or her EB - specifically, if the number of consecutive blocks whose EB is not equal to the miner's EB is less than AD, then the miner will not build on top of that chain.
It's the "not build on top of that chain" bit that's rather bad. Consider two groups of miners each with plurality of the hashrate. If one group votes EB=1 AD=999 and the other group votes EB=2 AD=999, then you can have chain splits where each group mines exclusively. Such chain splits can persist for 999 blocks.

Bitcoin is a worldwide peer-to-peer electronic cash system, known for low and predictable transaction fees, reliable confirmation times, and useable instant transactions. Unfortunately, because many network nodes continue to enforce a limit on the size of blocks which is below today's demand (the current limit corresponds to roughly 3 transactions per second), fees have risen, backlogs of transactions have formed, and confirmation times have become erratic. A smaller number of nodes have even adopted replace-by-fee policies to permit double-spending of transactions stuck due to the backlogs, which has produced the regrettable side effect of making instant Bitcoin transactions less secure.
Bitcoin Unlimited will be activated when the majority of the miners signal their approval. The fact that a simple the majority of miners can dictate the longest chain (and that the longest chain "wins") is the fundamental truth of Bitcoin's "Nakamoto Consensus" mechanism. Bitcoin Unlimited recognizes this. Although you may have heard that Segregated Witness (SW) activates at a 95% vote, this activation level is simply a convention. The truth is that if 51% of the miners wanted a change, they could simply mine only the changed blocks, and reject all unchanged blocks. Since 51% is the majority of the miners, the changed chain would be the longest, and therefore the "winner".
To bootstrap this new digital currency, it takes investors like you willing to hold bitcoin through the ups and downs of its price action. You want to be rewarded for that risk. By supporting Bitcoin Unlimited you are supporting our objective to return control over Bitcoin's evolution back to the market and our efforts to enable node operators to lift the block size limit that is presently restricting transaction volumes. By removing this limit, Bitcoin's user base will be free to grow, and with it its market capitalization.

And I think that the price on the contrary will fall. It will become like a centralized currency, which can be printed in unlimited quantities. Bitcoin is valuable in that its amount is limited

That was a good experience! Because we all know that bitcoin has a limited source so that sometimes the value varies to it if the demand would higly rising. And I think if the bitcoin source is unlimited the price would be rather rising only and no dumping and I think that will be very amazing and awesome.

which is sure all the transactions will be quickly processed, because the number is more stout transported in a block

In the BU system, node operators can choose the blocksize limit they vote on by modifying their client via a GUI menu and miners choose to increase or decrease the blocksize according to what nodes are voting on. This would, in theory, create a system where Bitcoin scales according to the space needed to accommodate the transactions in the network which is prone to keep growing like Bitcoin’s popularity and user base.
This system allows users to choose the maximum block size they want to accept as valid. However, there is a user-configurable failsafe mechanism that allows users to accept a block larger than the limit they have previously set if the number of blocks above this limit reaches a certain number. This system ensures that no users are accidentally left behind.