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Main => General Discussion => Topic started by: liondani on March 25, 2014, 06:15:28 pm

Title: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: liondani on March 25, 2014, 06:15:28 pm
"OP_RETURN was originally meant to store 80 bytes of extra data in a bitcoin transaction, but the core developers slashed it to 40 bytes"

http://www.coindesk.com/developers-battle-bitcoin-block-chain/


Will this situation affect bitsharesX like Counterparty? If yes which is your plan? If not, sorry for posting this ;)
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: toast on March 25, 2014, 06:18:41 pm
Bitshares x doesn't use the bitcoin blockchain

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Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: clout on March 25, 2014, 06:40:14 pm
Bitshares x doesn't use the bitcoin blockchain

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Hahah I wonder why that is...  :D
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: busygin on March 25, 2014, 06:43:58 pm
It should be a very good news for Bitshares ME (at least) as it becomes clear that Mastercoin/Counterparty plans to squeeze a whole new protocol into bitcoin tx format were not so well-thought. Bitshares are planned as a family of blockchains totally independent of bitcoin, and I start really appreciating this architecture now. Different crypto products may have conflicting needs for their tx message format, so each chain functionality can be tuned independently without affecting other chains.

"OP_RETURN was originally meant to store 80 bytes of extra data in a bitcoin transaction, but the core developers slashed it to 40 bytes"

http://www.coindesk.com/developers-battle-bitcoin-block-chain/


Will this situation affect bitsharesX like Counterparty? If yes which is your plan? If not, sorry for posting this ;)
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: liondani on March 25, 2014, 06:49:36 pm
That means bitsharesX has a huge advantage over Counterparty and Mastercoin! (result oriented speaking :) )
The first word came to me thinking on bitsharesX is "freedom" instead of "slavery" for the other 2 :)


*sorry for the post
but I think it will help some newbies like me :)
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: toast on March 25, 2014, 07:16:05 pm
XCP and Mastercoin are both more like bitshares ME, not bitshares X
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: liondani on March 26, 2014, 01:35:54 am
thanks for your quick replys toast   ;)
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: CLains on March 26, 2014, 09:24:20 pm
The political bickering between bitcoin core devs and counterparty/mastercoin will only serve to highlight the scalability issues that Daniel Larimer has been stressing all along.
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: bitcoinba on March 26, 2014, 09:48:21 pm
The political bickering between bitcoin core devs and counterparty/mastercoin will only serve to highlight the scalability issues that Daniel Larimer has been stressing all along.


 +5%
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: JoeyD on March 26, 2014, 10:42:10 pm
Oops I think I may have reacted to this topic in the wrong thread (https://bitsharestalk.org/index.php?topic=1890.600).

But as I tried to point out in that post I think it would be wise to be prepared for the same conflict of expectations happening here just the same. Not everyone might take to the open-source culture as easily as most people here. Should some of the projects gain traction and take off, I imagine very similar issues arising, with people having expectations about and feeling entitled to some things/features as if they were license holders of a Microsoft like software. Open-source might be free and open, but it's not a free lunch in the sense that there are no waiters to take your order. People are required to put in some effort on their own accord.
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: jwiz168 on March 27, 2014, 01:17:40 am
The only relation I have seen so far with Bitshare X as regards to bitcoin is the genesis block of Bitshare X as a result of snapshot from bitcoin donations.
Title: Re: Bitcoin core developers slashed OP_RETURN to store 40 bytes.Will this affect us?
Post by: kokojie on March 27, 2014, 01:18:17 pm
The political bickering between bitcoin core devs and counterparty/mastercoin will only serve to highlight the scalability issues that Daniel Larimer has been stressing all along.

Now only if bitshare X was actually released, we would be cashing in so hard on this issue right now.