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Please note this is hosted on the BitcoinSV (BSV) network, which is not the same as the Bitcoin network that we all know as BTC. BitcoinSV has much bigger bloc
by phaser 7y ago
Please note this is hosted on the BitcoinSV (BSV) network, which is not the same as the Bitcoin network that we all know as BTC.
BitcoinSV has much bigger blocks than Bitcoin, which is probably why this idea is possible.
While the same idea could be applied for the original Bitcoin network, that is far more popular, it would be highly impractical as blocks are smaller and transaction costs are higher.
I don't want to start another big/small blocks debate but if this idea gets popular, I doubt there will be many nodes that want to host the insane amount of data that will be accumulated, and the incentives for hosting a full node cost-effectively is the main reason why Bitcoin blocks are small.
I also sense a malicious intention with the website not making any reference to the fact that this is not the BTC network that 99.9% of visitors associate with the word Bitcoin.
- marsface 7y agoI understand the concern, however association is not necessarily truth. Let's say there are the following main bitcoins: BTC - Bitcoin Core - small blocks + Lightning BSV - Bitcoin SV - Bitcoin as originally proposed, with on-chain scaling Others, BCH, Bitcoin Gold, etc. People must start to learn that there are some implementations of the bitcoin protocol with different perspectives. In my opinion, BSV holds the most promising vision and there will be a lot of experimentation and public blockchain innovation on top of it.
- shilch 7y agoI guess the word "Bitcoin" used here refers to the protocol that the browser builds on, and not the chain commonly known as Bitcoin which has BTC as base asset. Bottle is not limited to BSV but could as well be run on other chains implementing the Bitcoin core protocol such as BTC, BCH, LTC and Doge.
- djbits 7y agoIt could be implemented, yes. BUT it wont work at scale because non of them scale except BSV. DYOR
- Dense_Body 7y agoYou are correct but it actually could not be run on BTC or BCH because of changes that were made to them that make them incompatible with the design laid out in the protocol whitepaper. It also would be prohibitively expensive to do so due to the block size limitations they have in place.
- shilch 7y agoIn theory it could work on BTC or BCH. Bottle relies on large OP_RETURN which is a miner-adjustable limit, not consensus. But in practice you (1) would need to find a miner to do this. (2) could only put in 1MB of data on BTC. (3) would have to pay a lot of satoshis (as you pointed out).
- satuenpoo 7y agoIt cannot work on BCH because of the changes with CTOR they introduces last year in November 15. This also cannot work on BTC because it is unable to grow the block size. The original Bitcoin is the SV chain.
- ltworld 7y agoYes and also, BTC and BCH don't have a "Stable Protocol" Mindset, OnChain Developer Apps will get Their Apps and Tools fked up every time the Core Protocol Changes. Aside from the lack of infrastructure, in BTC they already abandon the miner, The money that should be Goes to Miner for securing the chain, it goes to the Lightning Network Node. When block reward diminished it'll fked up, they cannot survive with such low income from LN.
- truantbuick 7y agoThis post is running around BSV-associated social media outlets. [1] [2] BSV is a project almost entirely propped up by a billionaire gambling tycoon named Calvin Ayre who is promoting a known con-artist named Craig Wright [3] as the inventor of Bitcoin. They promote BitcoinSV, which came into existence last November as the "One True Bitcoin". They are invested in massive astro-turfing for publicity and to lend themselves perceived legitimacy. [1] https://twitter.com/_unwriter/status/1143599992667590656 https://twitter.com/_unwriter/status/1143599992667590656 [2] https://www.reddit.com/r/bitcoincashSV/comments/c5eg27/its_time_for_bsv_supporters_to_move_out_of_the/ https://www.reddit.com/r/bitcoincashSV/comments/c5eg27/its_t... [3] https://craigwright.online/ https://craigwright.online/
- nyolfen 7y agothe twitter you link is the developer
- kingmr012 7y agoAlmost a half hour without introducing FUD. You trolls are losing your edge
- onion-soup 7y agoStop spreading misinformation. Bitcoin SV is restoration of the original protocol. BSV can do thousands of transactions per second whereas btc can do only 4. They both share same blockchain until 2017. Now think again, what will real businesses choose, a crippled fake bitcoin (btc) or massively scalable real bitcoin (bsv)?
- CryptoPunk 7y agoBitcoin SV is not Bitcoin. It looks like a sophisticated attempt to co-opt "Satoshi's Vision", and in doing so, delegitimize real contenders to BTC, like Bitcoin Cash. The rhetoric used to promote Bitcoin SV is very similar to that used to promote Bitcoin Cash, but it also adds a lot of anti-cypherpunk arguments like anonymity being criminal, censorship being in line with the original purpose of Bitcoin, and Bitcoin being meant to operate under the centralized control of governments: https://medium.com/@craig_10243/drugs-fraud-and-murder-ddf12208ae8b https://medium.com/@craig_10243/drugs-fraud-and-murder-ddf12... All of the founding documents of Bitcoin directly refute these fraudulent claims.
- nivexous 7y agoI'm reminded of a question Peter Thiel asks founders: What is one thing you believe that nearly everybody else disagrees with you on? Having a good answer means you might be onto something big. Everyone building on BSV has a pretty good answer right now.
- arisAlexis 7y agoBut there is no good answer while everyone disagrees with you
- nivexous 7y agoI guess that's true if you think good == popular, but I don't.
- chachachoney 7y ago> Having a good answer means you might be onto something big. Or you might be delusional. Strikes me more as a clever sounding phrase than a useful maxim. ;) The ideas being built on BSV are as interesting (and quite so) as the ideas being built on a myriad of other blockchain projects.
- voodoosurfer 7y agoTotally! BSV is the pure capitalist, maximalist version of the BitCoin experiment. If they're correct and it works, things are going to get very interesting soon.
- jurassic12 7y ago>as blocks are smaller and transaction costs are higher. Very nicely twisted BUT i would rather say that the transactions on BTC are expensive because you insist on mining on raspberry pi's and making quotas on transaction volume. Who is benefiting from this would You ask , Blockstream , since they give you off chain solutions and profit at your expense , while transaction costs on BSV are on chain and at 0,003-,006$ vs 1,2-2,5$ on BTC.
- panarky 7y agoI don't care if you fork Bitcoin. It's open source, fork away! But don't masquerade as Bitcoin and intentionally confuse people. That's not cool. And if you build new things on top of this foundation, and you also intentionally conflate the names with an intent to deceive people, then you certainly don't have my best interests in mind. I'll stay far away from this project.
- voodoosurfer 7y agoIt is BitCoin. Same address space, same hashing algorithm, same consensus rules. BTC is just one version of the BitCoin experiment.