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RE: BitShares Hangout #32 - 2017-08-04 - OpenSource Agenda [WhaleShare/Beyondbit Payouts Powered by SP!]
Fast Bitcoin on BitShares
I would like to discuss the pros and cons of incorporating Fast Bitcoin as a UIA onto the BitShares platform in view of the first fork that has already occurred.
Motivation
"Consider the concept that a decentralized public currency should be platform independent and controlled by its owners, not its current hardware or software suppliers."
Doc Brown's Big Heroic Audacious Goals for Bitcoin by @stan
Benefits to Users
""The old Bitcoin Classic bridge is replaced by three: two patched footbridges and a superhighway.
- Bridge One is designed for miners to keep their hardware relevant.
- Bridge Two is designed for developers to keep their software relevant.
- Bridge Three is designed for users to give cheap, easy, fast and efficient service."
Bitcoin Unchained - The Platform Independence Movement by @stan
Benefits to BitShares
- More users
- More fees?
Overhead for witnesses
- Additional RAM required?
- How much additional storage to store the keys and balances?