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Re:Urbit Is Building a 'Virtual Galaxy' for Bitcoin Nodes by vertex-four on Wednesday June 29, 2016 @02:26PM (#12003565)
The novel bits are:

* Everything on the VM is purely functional, and inputs essentially cause transactions which can fail/succeed - the result being that it's supposedly easier to implement certain types of network protocols, specifically the ones that Ames implements

* A somewhat decent revision-controlled filesystem with push/pull/merge, static typing of files, and a built-in build system of sorts

And last but not least...

* Feudalism built into the core p2p protocol as an explicit design decision

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