‘Bitcoin Unlimited’ Reveals $500k Donation, Formal US Registration
Bitcoin Unlimited has announced major changes to its status including formal registration as a non-profit following a $500,000 donation.
The news was released to members via a post today, and comes as the community at large appears to be shifting to a larger blocksize consensus.“Exciting times are ahead for this organization,” the post reads.The half-million-dollar donation came from “donors who represent the on-chain scaling community,” and allows Bitcoin Unlimited to transform its structure and future plans.“Our donors share our belief about what Bitcoin is and should remain: a global peer-to-peer currency, with affordable fees, scalable and available for universal usage,” the post continues.
The shake-up will first take the form of........
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Personally I always did prefer Bitcoin Unlimited. I switched to Classic back when if first came out to so support since it had a BIP and voting.
It will be intresting to see if more will follow with donating to preserve Bitcoin. This will be a real game changer if more people support this.
Is bitcoin headed for an ETH / ETC situation? btw Roger, I'd be very interested to see you comment in this thread - https://steemit.com/bitcoin/@catherinebleish/bitcoin-com-bus-shut-out-of-las-vegas-bitcoin-meetup-and-las-vegas-facebook-group-due-to-support-of-dash
Bitcoin Unlimited is Bitcoin Cash?
Will non-profit status bring them under a governmental pressure of any kind?
Every dealing with the government comes with lots of strings attached.
Do you think these strings will strengthen or weaken BU?
I wouldn't be surprised if it was severely weakened, at least in a "Is it still a cryptocurrency?" way. Adding more surveilance and being able to see who does what with their money is most certainly an objective the government has.
I wouldn't be surprised if Bitcoin at some point required an account name or something in order to have a wallet. But who knows.
Interested to see how this move is accepted.
Big step forward in my opinion. The Bitcoin block debate needs to be settled without the disruption seen with the ETH/ETC debacle being repeated .
whether bitcoin limited
I am a big fan of Bitcoin but is has very big limitations when it comes to privacy and the people closest to you watching your every move. I talk about this while visiting Area 51.
https://steemit.com/steemit/@steve-mcclair/area-51-lessons-about-privacy-for-bitcoin-and-steemit-users
I Thouth BTC is limited