Chain Split Tokens, Closed Source Bitcoin Unlimited, & More – YMB Podcast E167

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This is episode 167 of You, Me, and BTC – your liberty and Bitcoin podcast!

Bitcoin Unlimited drama continues. This week, one popular Bitcoin exchange, Bitfinex, announced an interesting new feature called Chain Split Tokens. No one knows if or when Bitcoin Unlimited will become a thing, but CSTs allow traders to get involved early. One (current) Bitcoin equals one Bitcoin Core plus one Bitcoin Unlimited, which reflects the way things would work in a real hard fork. We’ll share more details and plenty of opinion during tonight’s stream.

That news made it sound like BTU was gaining ground, but just yesterday, the software ran into more bugs. Unlimited nodes were crashing left and right, and the developers’ came up with a solution that baffled many people. They decided to release closed source patches.

That’s right. Bitcoin has always been almost universally praised for having an open source, and Bitcoin Unlimited decided to take that away. What does this mean for the project? Will Unlimited finally disintegrate into history?

Then to wrap things up, we’ll chat about Coinbase’s decision to pass Bitcoin transaction fees on to their users. Until this week, the company covered miners fees as a convenience, but the cost of doing so became too high. Now there’s no more freeloading for Coinbase users. Good move or nahh?

Tune in tonight for our thoughts and check the list below for some of the specific stories we’ll cover!

Your hosts are Daniel Brown and Tim Baker. Don’t forget to scroll down so you can keep up with our open tweet lines, vote in this week’s Bitcoin poll, and share your thoughts in the comments!

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