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LiteCoinGuy
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[2017-02-02] Why Bitcoin Unlimited’s “Emergent Consensus” Is a Gamble

Thu Feb 02, 2017 5:06 pm

Why Bitcoin Unlimited’s “Emergent Consensus” Is a Gamble

The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps more accurately: to make this control more explicit and easier to handle.

But as explained in “How Bitcoin Unlimited Users May End Up on Different Blockchains,” BUIP001 does not include a technical consensus mechanism as reliable as in Bitcoin’s current consensus rules.

https://bitcoinmagazine.com/articles/wh ... us-gamble/
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https://bitcoincore.org/en/2015/12/23/c ... reases-faq

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