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This is not /r/Bitcoin. This is /r/Buttcoin!
Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts. These tasks are managed collectively by the network. It’s like a bitcoin, but with butts instead.
Not us but these guys are awesome too
We're also at #buttcoin on synIRC
We've got 4 main rules:
Post Post Post!
SegWit ELI5? (self.Buttcoin)
ButterXT が 4時間前 投稿
I'm not sure what it even means
[–]tweq 7ポイント8ポイント9ポイント 3時間前* (0子コメント)
Basically, the idea is to move the data required to verify the validity of a transaction into a new "witness" data structure and out of the transaction itself (hence "segregated witness"). This makes transactions (and thus blocks) slightly smaller, among some other benefits.
Since butters are deathly afraid of changing the sacred rules of the BitCoin, SegWit is implemented as a "soft fork" by loosely bolting this new scheme onto the old protocol without directly breaking anything, supposedly maintaining backwards compatibility. However, this is mostly a sham since old clients do not know about the witness data and can't validate transactions anymore (they'll assume everyone can redeem any SegWit transaction), and it makes the implementation incredibly complicated and presumably error prone.
[–]cryptocorianderseeds 4ポイント5ポイント6ポイント 3時間前 (2子コメント)
Expanding slightly on what tweq said, the idea is to split the verification portion off, so that non-verifying nodes (lollerskatez) can get epic win without looking at the full data.
Segregated Witness [segwit] is not to be confused with Segregated Wit, [segwit] which is what we see in most bitcoin enthusiasts.
[–]coinerbutt 3ポイント4ポイント5ポイント 2時間前 (0子コメント)
not to be confused with Segregated Wit, [segwit]
Although they are practically synonymous with dimwit.
[–]ButterXT[S] 0ポイント1ポイント2ポイント 54分前 (0子コメント)
Error: witty comeback not found. Thanks guys!
[–]roidragequit 2ポイント3ポイント4ポイント 3時間前 (0子コメント)
neither do they
[–]ReallyRealRedditUser 0ポイント1ポイント2ポイント 1分前 (0子コメント)
ELI5: "Bitcoin is broken so we decided to make Bitcoin point to a chunk of arbitrary data we'd like to use for validation instead of actually fixing the protocol. In this way it's still Bitcoin except not Bitcoin at all and it does all the things everyone at Blockstream needs to sell its own software to the Bilderberg group while fucking up everyone else and forcing them to upgrade."
π Rendered by PID 19751 on app-105 at 2016-03-13 04:40:20.151314+00:00 running 04ece11 country code: JP.
[–]tweq 7ポイント8ポイント9ポイント (0子コメント)
[–]cryptocorianderseeds 4ポイント5ポイント6ポイント (2子コメント)
[–]coinerbutt 3ポイント4ポイント5ポイント (0子コメント)
[–]ButterXT[S] 0ポイント1ポイント2ポイント (0子コメント)
[–]roidragequit 2ポイント3ポイント4ポイント (0子コメント)
[–]ReallyRealRedditUser 0ポイント1ポイント2ポイント (0子コメント)