If the supporters of Bitcoin Unlimited think things will be smooth after a hard fork, they will be in for a big disappoinment. I speculate it will be the supporters of the hard fork themselves who will start blaming the BU development team for trying to break everything down.
Not a Practical Solution
Bitcoin Unlimited is not feasible. Canadian enterprises pointed out Bitcoin Unlimited will not and must not be forked due to economic and technical reasons. This is regardless of threats made by some miners to stage a so-called “51%” attack against the Bitcoin network to fork said software.
Francis Pouliot, chief executive officer of Satoshi Portal and incumbent Bitcoin Embassy director, said Canadian enterprises will not incorporate the Bitcoin Unlimited token in their respective services or merchandise. He reiterated companies will not trade BTU or list it as alternative virtual currency. Enterprises will adopt another approach toward BTU and the very small likelihood it will be forked or introduced in the market. These businesses insist the software contradicts the BTC software.
Meanwhile, majority of Bitcoin exchanges worldwide (BTCC, Bit Stamp and BITIFINEX) clarified if Bitcoin Unlimited is released, this will be attributed to users and opened for trading on platforms as alternative coin. This is different from the BTC network. The Bitcoin market in Canada asked other industry participants to spell out their position on hardfork contingency. They also assured BTC users the crypto currency will become stronger moving forward. Mr. Pouliot urged economic nodes globally to clarify their outlooks and affirm their role as principal constituents of Bitcoin consensus.
Read the full article https://www.crypto-news.net/canadian-companies-reject-bitcoin-unlimited/
No agreement like this is unanimous, there will still be large amounts of Canadian Bitcoin users who support Bitcoin Unlimited. Things wouldn't be smooth after a hard fork in this state, but that's why it's a consensus system - if Bitcoin Unlimited received enough support for the hard fork to happen, it would be a lot smoother. Their views and code are just there for other people to review and consider.Not a Practical Solution
Bitcoin Unlimited is not feasible. Canadian enterprises pointed out Bitcoin Unlimited will not and must not be forked due to economic and technical reasons. This is regardless of threats made by some miners to stage a so-called “51%” attack against the Bitcoin network to fork said software.
Francis Pouliot, chief executive officer of Satoshi Portal and incumbent Bitcoin Embassy director, said Canadian enterprises will not incorporate the Bitcoin Unlimited token in their respective services or merchandise. He reiterated companies will not trade BTU or list it as alternative virtual currency. Enterprises will adopt another approach toward BTU and the very small likelihood it will be forked or introduced in the market. These businesses insist the software contradicts the BTC software.
Meanwhile, majority of Bitcoin exchanges worldwide (BTCC, Bit Stamp and BITIFINEX) clarified if Bitcoin Unlimited is released, this will be attributed to users and opened for trading on platforms as alternative coin. This is different from the BTC network. The Bitcoin market in Canada asked other industry participants to spell out their position on hardfork contingency. They also assured BTC users the crypto currency will become stronger moving forward. Mr. Pouliot urged economic nodes globally to clarify their outlooks and affirm their role as principal constituents of Bitcoin consensus.
Read the full article https://www.crypto-news.net/canadian-companies-reject-bitcoin-unlimited/
The Bitcoin exchanges views can't be conflated with that Canadian statement either. Their statement was not necessarily in opposition to a fork (although Coinbase seems to think so, which is why they oppose it) - it was clarifying the status of BTU on their exchanges. It's reasonable to classify BTU as an altcoin on these exchanges, not because it's the same as other altcoins per se but because it's a new coin which will be separate to the original/previous Bitcoin, BTC.
