Honestly, I really want to see the result of your work. What is the approximate launch date for your BTCU coin?
The launch of the BTCU network is tentatively scheduled for the end of September 2020.
Topic: . - page 6. (Read 5325 times)
Let's give our technicians a chance to do their job and present the finished BTCU coin. Then it will be possible to constructively talk about the pros and cons. In the meantime, it is too early to draw conclusions.
Honestly, I really want to see the result of your work. What is the approximate launch date for your BTCU coin?
Ok, so here once again in clear words: Even if you would get it running from the technical side to create a complete different algorithm on top of the Bitcoin chain - it still would be a fake fork! You could also create a database with the balances of the BTC holders in the moment of creating your genesis block, and then giving all BTC holders their proportional airdrop. But what is the whole thing worth without any ICO? And just for getting the Bitcoin users attention creating a complete new blockchain on top of an existing, nearly 300 GB large chain what would have to be distributed as ballast for nothing within your new network? Who would be willing to participate in such nonsense? And the clear clarification of the implemented encryption method of SHA-256 on page 34 of your whitepaper was also just “a typo” of your marketing manager? Further at your website you're linking e.g. to Forbes with the note, they would write about your project. Looking at the linked site on Forbes Nikolai Udianskyi, mentioned as “CEO of BTCU and co-founder of Coinsbit Exchange”, is just talking about Bitcoin halfing. No word about “Bitcoin Ultimatum”. I call this a fake, as the whole whitepaper with website and (pre-) announcement is a fake, including the pretended Bitcoin fork. Hopefully this was now clear enough. EOD from my side.
I am impressed by your position. True. Now there are not many people who really think and analyze. But I ask you not to draw premature conclusions. Let's give our technicians a chance to do their job and present the finished BTCU coin. Then it will be possible to constructively talk about the pros and cons. In the meantime, it is too early to draw conclusions.
In other words: You're trying to create a giant company network without revealing the real nature of your concept, like the rat catcher from Hameln in the crypto community. As I said I was waiting for the next amusement - what comes next? 
let's just wait for the release of our coin and the launch of our network and then we can discuss more substantively with you. Apparently you are a fairly competent person in blockchain technology, and all the more we will be interested in the attention of specialists of this level. You forgot to mention in your announcement what shall be the benefit in leasing your stakes to mining nodes (LPoS) instead of just forging yourself. Further you forgot to mention that proof of authority (PoA), where the authority nodes get determined and so controlled in best centralized manner by yourself, is primarily a concept for internal blockchains within a company. And here it's irrelevant, if this “network is still under development”. In the end you still have forgotten to explain the sense of implementing a proof-of-stake-concept combined with a centralized concept of authority nodes of your choice building on top of the proof-of-work-concept of the most trusted Bitcoin blockchain, which will be cut off in the moment of the fork, while you still forgot to mention how this ever shall be technically possible. You’re just throwing around with already known, but never established terms, while you have not even a basic knowledge of what you're talking about. But go ahead, I'm waiting for the next amusement... 
despite your critical attitude towards our coin (judging by your rhetoric), I am still glad that you are interested in our project. I recommend that you do not make premature conclusions and wait for the launch of our coin. then it will be possible to substantively discuss our technology and methods of its implementation.
What I found is this posting on Telegram from an admin of the Coinsbit Telegram group. There a low quality video is linked in 240 p. I was falling several times asleep when Nataly Simson finally started to talk about “BTCU” at 16 min 28 sec. Indeed she seems to be part of the game (well, I stopped the video a few seconds later).
Coinsbit is nothing more than one of our partners. In addition, in the future, we plan to list our coin on this exchange. What is supernatural or illegal in this?
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So I summarize: You're notifying about the idea of your “coin”, which you haven't gotten to run practical ever. Therefore you want to make a “fork” of the SHA 256 encoded Bitcoin blockchain (for which reason ever) and building a new blockchain with the Quark algorithm (together with a mix of other algorithms) on top of the SHA 256 encoded part from the previous Bitcoin chain.
We do not hide the fact that our network is still under development. On the contrary, we are constantly talking and pointing to it.
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I still have no idea about the real goal of the whole theater, but it's clear that you're selling unlaid eggs, dreaming from the reinvention of the wheel and therefore trying to plant a cactus on a sawn-off tree stump. It's simply ridiculous and the whole thing was for sure the worst advertisement for the Estonian trading platform Coinsbit. Most likely you just want to manipulate the market and stir up the Bitcoin trades on your trading platform in initiating an hype. This is exactly the way how the market is being manipulated. I stand by my assessment of a fake campaign! I really wish you all the luck in the world, but please not in the crypto area!
There is no theater. You don't need to dramatize the situation and seek the secret meaning. And we can hardly claim to be a market manipulator. We are too young a project for that.
Shall we ask Nataly Simson from Coinsbit if she got informed that you use her profile pic for your fake campaign?
You can clarify all your questions and nuances directly from Nataly Simson (if, of course, you have contact with her). I think that she will refute your doubts.
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And why don't you try to create an Ethereum fork on top of the Bitcoin chain? I'm sure your "special department" would find a solution...
Our BTCU coin includes extensive functionality using smart contracts and many other functions. In any case, I thank you for your attention to our coin.
A “spelling mistake” between SHA-256 and Quark while creating an announcement on Bitcointalk for the crypto community! Nice explanation! With other words: The one who wrote the announcement has no idea what he's talking about! Including your whole fake department which is checking the announcement! You surely will come up with a similar explanation how you'll handle the deep hard fork in implementing a complete other algorithm in the blockchain as consensus rule, better to say: a mix of different encodings? There's absolutely no sense to build a complete new and different blockchain connected to a blockchain from a complete another encoding. Everyone who has a little knowledge in crypto related stuff knows that. Even implementing the last Bitcoin hash to the next blockheader would give a problem. You should finally reveal who's the author of this social experiment and how many potential victims you caught with this ridiculous campaign! Or is it a ridiculous attempt of crypto market manipulation in insisting the people to buy Bitcoins? PS: See my rating here!
Where did you get so much negativity? The designer was wrong when he made out the announcement, how can you judge the coin because of this? Why do you blame us? What kind of market manipulation are we talking about? Our plans are to create a coin, launch a network and popularize the coin in the crypto community by holding an airdrop among BTC holders. We are not going to deceive anyone.
A new blockchain of a creator who announces the project with the wrong encryption algorithm?
It was nothing more than a spelling mistake by the person who created the thread. I don't see anything terrible in this.
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Why forking the Bitcoin chain if you gonna change the algorithm/consensus rules? Why not simply create a new chain?
This decision was made by our developers.
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Atomic trades, what is advertised here as the ultimate revolutionary change, also isn't something new.
You are right - similar solutions are already on the market. We hope that we will be able to favorably differ from others precisely in how all these solutions will be implemented and will work together in BTCU coin.
yes, we are planning to do an aedrop soon. to take part, you need to be the owner of BTC coins and then you will receive BTCU coins on your balance in a ratio of 1 to 1.
WHEN WILL YOU FINALLY PUBLISH THE LINK FOR REGISTERING WITH AIRDROP? I HAVE BEEN WAITING FOR SEVERAL MONTHS AND SO FAR, APART FROM THE WORDS "WE WILL HAVE AN AIRDROP SOON" THERE IS NOTHING ...
you talk as if we owe you something ... be patient and wait. the team is working, the development of the project continues, the airdrop will tentatively be held in September. I cannot name the exact dates yet.
yes, we are planning to do an aedrop soon. to take part, you need to be the owner of BTC coins and then you will receive BTCU coins on your balance in a ratio of 1 to 1.
WHEN WILL YOU FINALLY PUBLISH THE LINK FOR REGISTERING WITH AIRDROP? I HAVE BEEN WAITING FOR SEVERAL MONTHS AND SO FAR, APART FROM THE WORDS "WE WILL HAVE AN AIRDROP SOON" THERE IS NOTHING ...
Hello Sir! Did I understand correctly that the airdrop will be held and you will distribute your coin?
yes, we are planning to do an aedrop soon. to take part, you need to be the owner of BTC coins and then you will receive BTCU coins on your balance in a ratio of 1 to 1.
I'd like to believe that you will succeed. There are few truly unique technological solutions on the market today. Your BTCU coin can be a real breakout!
Our technicians are working hard on our Bitcoin Ultimatum coin and we will try not to disappoint you!
Have a little patience and you can be convinced of the seriousness of our intentions to make a truly innovative cryptocurrency that will solve most of the existing problems.
I'd like to believe that you will succeed. There are few truly unique technological solutions on the market today. Your BTCU coin can be a real breakout!
I hope that your words will not diverge in your real deeds and we will see a really amazing product that you describe in your white paper!
Have a little patience and you can be convinced of the seriousness of our intentions to make a truly innovative cryptocurrency that will solve most of the existing problems.
BTCU increases the size of Bitcoin blocks in an effort to solve the cryptocurrency's inability to handle large amounts of transactions. It also addresses the cryptocurrency's mining centralization, making it more egalitarian by excluding expensive and powerful ASICs that has taken over Bitcoin. Again, it offers users anonymity by adjoining the ability to conduct transactions privately within the network. Through this option, users who value privacy can switch between public and private ledgers while making transactions.
I hope that your words will not diverge in your real deeds and we will see a really amazing product that you describe in your white paper!
Assuming you have a particular currency in your wallet, you put it away for some time and then realise that it has split into two. Sounds unfamiliar❓
Not in the cryptocurrency world.
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If you’ve been a part of the crypto community for some time, you have probably heard the term ‘hard fork’ frequently. A lot of people may be wondering, what exactly it means. Perhaps you’ve heard of the most popular Bitcoin hard forks and have a brief idea of what they entail. Hard forks are newer versions of Bitcoin that are completely split from the original blockchain, resulting in the creation of new cryptocurrencies. There are no interactions between the original Bitcoin blockchain and the newer version after a hard fork. They function separately from each other and the change is permanent.
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BTC Ultimatum (BTCU) is a software update (not backwards compatible) to Bitcoin's blockchain protocol that changes the way the network operates, causing a divergence in the network. It is one of the several projects to fork away from the Bitcoin blockchain to create a new coin since the invention of Bitcoin, in 2009 by Satoshi Nakamoto.
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"It (BTC Ultimatum) is an evolutionary change to Bitcoin's energy consumption associated with mining, scalability and transaction anonymity which makes it more efficient." - according to the team.
⠀
In recent years, the bitcoin network has been struggling to handle a surge in the number of transactions (scalability), mining centralization and transaction anonymity. This has resulted in the entire cryptocurrency community coming up with various options (forks) to solve these backlogs.
⠀
BTCU increases the size of Bitcoin blocks in an effort to solve the cryptocurrency's inability to handle large amounts of transactions. It also addresses the cryptocurrency's mining centralization, making it more egalitarian by excluding expensive and powerful ASICs that has taken over Bitcoin. Again, it offers users anonymity by adjoining the ability to conduct transactions privately within the network. Through this option, users who value privacy can switch between public and private ledgers while making transactions.
Not in the cryptocurrency world.
⠀
If you’ve been a part of the crypto community for some time, you have probably heard the term ‘hard fork’ frequently. A lot of people may be wondering, what exactly it means. Perhaps you’ve heard of the most popular Bitcoin hard forks and have a brief idea of what they entail. Hard forks are newer versions of Bitcoin that are completely split from the original blockchain, resulting in the creation of new cryptocurrencies. There are no interactions between the original Bitcoin blockchain and the newer version after a hard fork. They function separately from each other and the change is permanent.
⠀
BTC Ultimatum (BTCU) is a software update (not backwards compatible) to Bitcoin's blockchain protocol that changes the way the network operates, causing a divergence in the network. It is one of the several projects to fork away from the Bitcoin blockchain to create a new coin since the invention of Bitcoin, in 2009 by Satoshi Nakamoto.
⠀
"It (BTC Ultimatum) is an evolutionary change to Bitcoin's energy consumption associated with mining, scalability and transaction anonymity which makes it more efficient." - according to the team.
⠀
In recent years, the bitcoin network has been struggling to handle a surge in the number of transactions (scalability), mining centralization and transaction anonymity. This has resulted in the entire cryptocurrency community coming up with various options (forks) to solve these backlogs.
⠀
BTCU increases the size of Bitcoin blocks in an effort to solve the cryptocurrency's inability to handle large amounts of transactions. It also addresses the cryptocurrency's mining centralization, making it more egalitarian by excluding expensive and powerful ASICs that has taken over Bitcoin. Again, it offers users anonymity by adjoining the ability to conduct transactions privately within the network. Through this option, users who value privacy can switch between public and private ledgers while making transactions.
WHEN WILL AERDROP BE ALREADY? I VERY WANT TO RECEIVE THIS COIN IN MY WALLET.
The exact date is not yet known. The tentative date for the airdrop is September 2020.
THANK SIR. I'LL WAIT. I HAVE FEW BTC COIN, BUT I DID NOT SEE THAT THERE IS A LIMIT ON THE NUMBER OF COINS TO PARTICIPATE. SO I HOPE TO PARTICIPATE IN YOUR AIRDROP AND GET MY BTCU COINS.
WHEN WILL AERDROP BE ALREADY? I VERY WANT TO RECEIVE THIS COIN IN MY WALLET.
The exact date is not yet known. The tentative date for the airdrop is September 2020.
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