If "they" really cared about bitcoin and improving it then *ALL* wallets that have sent or received anything in the last year (at least) would get credit. Or whatever timeframe they care about.
But no, that's not enough for these guys... You have to first know their stupid coin exists in the first place, then spend a huge amount of money proving your wallet is active to get some coins on their fork.
Fuck, and fuck you to these type of scams. These are yet more people just trying to get rich quick by making a fancy website while not doing any actual work.
Topic: [2017-12-14] United Bitcoin Hard Fork Aims to Steal Inactive Wallet Balances - page 2. (Read 761 times)
December 22, 2017, 09:22:59 AM
December 22, 2017, 09:07:05 AM
In other words, 99% of the people using bitcoin probably were not "active" during this period so will get nothing and the UB people will get most of it.
So really, this is like having a massive pre-mine, except you just steal them all on your fork and sit on them.
Garzik is such an asshole.
December 21, 2017, 08:45:20 PM
Does anyone have proof this is a scam? I run a website listing all coins giving airdrops to Bitcoin holders and as far as I know, there is nothing making this coin more of a "scam" than many of the other forks.
Let me know if I missed anything.
btcdiv.com - The ultimate source for bitcoin dividends & airdrops
Let me know if I missed anything.
btcdiv.com - The ultimate source for bitcoin dividends & airdrops
I think the main reason people are saying it is a scam is because they are going to steal "inactive" bitcoins and distribute them to someone (probably many to themselves).
Edit: Not to mention that per their web site, "inactive coins" will be sent to the "UB Foundation's" multi-sig addresses. And they define "inactive" is coins that didn't move between blocks 494000 and Block 498777 ("automatic") or between blocks Block 498777 and Block 501878 ("manually done"). And the coins have to move "from his/her own address to his/her own address" and "The output address (receiving address) must also be listed as one of the input addresses and cannot be a totally new address."
In other words, 99% of the people using bitcoin probably were not "active" during this period so will get nothing and the UB people will get most of it.
December 21, 2017, 08:01:52 PM
Honestly this kind of stuff is not new. But I wonder why these forks is on trend again? This is no difference in other sha256 coins, which is forked of bitcoin if we look back at those years where fork are very popular. I would agree with the article. This is just a money grab, there is no actual usage of this coin except to fill their pockets, besides, only those who have a huge amount of Bitcoin on their stash will benefits on this. Oh well on every Bitcoin fork. This is only just making the rich richer.
December 21, 2017, 03:31:36 PM
ITS a very narrow window to claim in and a very messy process.
move coins twice to same address (pay fees 2x)
claim with txid
move coins to safety of new wallet and addresses
nothing could go wrong!
its almost as if they don't want people to claim!
move coins twice to same address (pay fees 2x)
claim with txid
move coins to safety of new wallet and addresses
nothing could go wrong!
its almost as if they don't want people to claim!
December 21, 2017, 02:39:43 AM
This is a total scam.
A fork is fine, but give the people the fork.
What is easily passed in the roadmap is that they give out coins that are active after November 1st.
So, if you bought your bitcoins 2 months ago - You get nothing.
So, 16.75 Million coins distributed, but if you haven't used any in the last 1.5 months, you get nothing. THEY get them.
So, one for you and xxx,xxx for them.
another one for you and xxx,xxx for them.
I still can't believe that they expect anyone that purchased their coins as an investment over 2 months ago get nothing.
This is basically a scam, a pre-mine, and de-anonymization of bitcoin. It's not a fork when they get 16.5 million out of the 16.75 in existence.
A fork is fine, but give the people the fork.
What is easily passed in the roadmap is that they give out coins that are active after November 1st.
So, if you bought your bitcoins 2 months ago - You get nothing.
So, 16.75 Million coins distributed, but if you haven't used any in the last 1.5 months, you get nothing. THEY get them.
So, one for you and xxx,xxx for them.
another one for you and xxx,xxx for them.
I still can't believe that they expect anyone that purchased their coins as an investment over 2 months ago get nothing.
This is basically a scam, a pre-mine, and de-anonymization of bitcoin. It's not a fork when they get 16.5 million out of the 16.75 in existence.
You got the point there. I, myself, haven't use any Bitcoin (I meant about sending out any transaction to other people/merchants, but still receive some satoshi monthly into my blockhain's account) I got nothing from the fork, while the team got all the benefit from it...
All these hard forking are totally not my cup of tea
December 21, 2017, 01:18:31 AM
With the same success it is possible to steal Satoshi and with active wallets. Bitcoin is private property and nobody should be interested in an active account or not. On the other hand I don't know what effect it can have on bitcoin ever decreasing number of coins in circulation. Theoretically, someone always loses access to their coins. It is possible that unclaimed coins for 25 years can be transferred to the community Foundation but the first requirement is returned to the owner.
You do understand that the coins we're talking about is on Garzik's shit-fork, and not on the main Bitcoin blockchain, right?
He can claim to move anyone's coins on his own fork, it doesn't affect Bitcoin in the slightest.
Yeah, another scam coin, cash grab, nothing to do with Bitcoin.
Quote
This includes all of the addresses belonging to Satoshi Nakamoto as well. Assuming that is the objective of this hard fork, it is one of the biggest threats to Bitcoin in history.
Not a threat by any margin, just another altcoin with a biased/flawed distribution model. According to the whitepaper, 100% of United Bitcoin in inactive balances would be used for development and pegged token, more like pre-mined.
Quote
All active Bitcoin addresses will receive corresponding balances on UnitedBitcoin’s chain. Balances of inactive addresses will be collected and used to serve the community. Inactive addresses are addresses without activity since block height #494000 (November 11, 2017) and as a result didn't automatically receive UBTC during phase 1 of the asset allocation procedure.
30% of the inactive balances will be distributed to other technologically influential communities in the crypto-currencies space to further increase the influence and adoption of UnitedBitcoin.
70% of the inactive balances will be reserved as collateral to issue stable tokens pegged to chosen fiat currencies, similar to a Gold Standard.
30% of the inactive balances will be distributed to other technologically influential communities in the crypto-currencies space to further increase the influence and adoption of UnitedBitcoin.
70% of the inactive balances will be reserved as collateral to issue stable tokens pegged to chosen fiat currencies, similar to a Gold Standard.
December 21, 2017, 01:04:49 AM
This will be another shit fork that would get little support. The strategy with all these forks are actually very simple : Find a small niche group of people who does not agree with something and fork off in the hope that it would garner enough support to create a new ShitFork.
These people are slowly chipping away at Bitcoin, hoping to find a way to be succesful with something that would spark some interrest. This one will fail, because you do not mess with people's coins.
These people are slowly chipping away at Bitcoin, hoping to find a way to be succesful with something that would spark some interrest. This one will fail, because you do not mess with people's coins.
December 20, 2017, 11:43:28 PM
Does anyone have proof this is a scam? I run a website listing all coins giving airdrops to Bitcoin holders and as far as I know, there is nothing making this coin more of a "scam" than many of the other forks.
Let me know if I missed anything.
btcdiv.com - The ultimate source for bitcoin dividends & airdrops
Let me know if I missed anything.
btcdiv.com - The ultimate source for bitcoin dividends & airdrops
December 19, 2017, 03:23:53 AM
Why should anybody be bothered about this? It is not a fork, plain and simple. It is an alt coin with some weird distribution.
If you want to claim the free coins that they offer, then you take a risk. If you actually buy their coins, you are a bigger fool. I think the best way out is to ignore them. The coin will die a slow death.
If you want to claim the free coins that they offer, then you take a risk. If you actually buy their coins, you are a bigger fool. I think the best way out is to ignore them. The coin will die a slow death.
December 19, 2017, 02:43:45 AM
This is a total scam.
A fork is fine, but give the people the fork.
What is easily passed in the roadmap is that they give out coins that are active after November 1st.
So, if you bought your bitcoins 2 months ago - You get nothing.
So, 16.75 Million coins distributed, but if you haven't used any in the last 1.5 months, you get nothing. THEY get them.
So, one for you and xxx,xxx for them.
another one for you and xxx,xxx for them.
I still can't believe that they expect anyone that purchased their coins as an investment over 2 months ago get nothing.
This is basically a scam, a pre-mine, and de-anonymization of bitcoin. It's not a fork when they get 16.5 million out of the 16.75 in existence.
A fork is fine, but give the people the fork.
What is easily passed in the roadmap is that they give out coins that are active after November 1st.
So, if you bought your bitcoins 2 months ago - You get nothing.
So, 16.75 Million coins distributed, but if you haven't used any in the last 1.5 months, you get nothing. THEY get them.
So, one for you and xxx,xxx for them.
another one for you and xxx,xxx for them.
I still can't believe that they expect anyone that purchased their coins as an investment over 2 months ago get nothing.
This is basically a scam, a pre-mine, and de-anonymization of bitcoin. It's not a fork when they get 16.5 million out of the 16.75 in existence.
December 16, 2017, 03:55:57 PM
I think they are going to use those to airdrop to LTC, ETH, QTUM, HSHARE holders to get more people onboard. Otherwise where else would they get the supply to do that? I went to the live even in Silicon Valley also. I don't think it's a scam.
Forking the blockchain and then claiming all inactive coins to be in their control is not a scam? Okay, but that is your opinion.
In any case, let us wait for United Bitcoin Foundation to name their head and let us hope it is Craig Wright hehehe.
Define scam? Everything is crypto is called a scam nowadays. To me a scam is something that i created solely to steal and has no intention of being a real project. There have been alot of scam projects, but I wouldn't call this one of them. Just b/c you don't agree with the distribution model doesn't mean it's a scam.
December 16, 2017, 03:22:23 PM
I think they are going to use those to airdrop to LTC, ETH, QTUM, HSHARE holders to get more people onboard. Otherwise where else would they get the supply to do that? I went to the live even in Silicon Valley also. I don't think it's a scam.
Forking the blockchain and then claiming all inactive coins to be in their control is not a scam? Okay, but that is your opinion.
In any case, let us wait for United Bitcoin Foundation to name their head and let us hope it is Craig Wright hehehe.
Define scam? Everything is crypto is called a scam nowadays. To me a scam is something that i created solely to steal and has no intention of being a real project. There have been alot of scam projects, but I wouldn't call this one of them. Just b/c you don't agree with the distribution model doesn't mean it's a scam.
December 15, 2017, 09:38:34 AM
With the same success it is possible to steal Satoshi and with active wallets. Bitcoin is private property and nobody should be interested in an active account or not. On the other hand I don't know what effect it can have on bitcoin ever decreasing number of coins in circulation. Theoretically, someone always loses access to their coins. It is possible that unclaimed coins for 25 years can be transferred to the community Foundation but the first requirement is returned to the owner.
You do understand that the coins we're talking about is on Garzik's shit-fork, and not on the main Bitcoin blockchain, right?
He can claim to move anyone's coins on his own fork, it doesn't affect Bitcoin in the slightest.
December 14, 2017, 08:53:39 PM
I think they are going to use those to airdrop to LTC, ETH, QTUM, HSHARE holders to get more people onboard. Otherwise where else would they get the supply to do that? I went to the live even in Silicon Valley also. I don't think it's a scam.
Forking the blockchain and then claiming all inactive coins to be in their control is not a scam? Okay, but that is your opinion.
In any case, let us wait for United Bitcoin Foundation to name their head and let us hope it is Craig Wright hehehe.
'United' on my very modest vote is just something between pure cryptology maths and experimental material understand of reality
https://en.wikipedia.org/wiki/Standard_Model
December 14, 2017, 07:43:54 PM
I think they are going to use those to airdrop to LTC, ETH, QTUM, HSHARE holders to get more people onboard. Otherwise where else would they get the supply to do that? I went to the live even in Silicon Valley also. I don't think it's a scam.
Forking the blockchain and then claiming all inactive coins to be in their control is not a scam? Okay, but that is your opinion.
In any case, let us wait for United Bitcoin Foundation to name their head and let us hope it is Craig Wright hehehe.
December 14, 2017, 10:22:11 AM
With the same success it is possible to steal Satoshi and with active wallets. Bitcoin is private property and nobody should be interested in an active account or not. On the other hand I don't know what effect it can have on bitcoin ever decreasing number of coins in circulation. Theoretically, someone always loses access to their coins. It is possible that unclaimed coins for 25 years can be transferred to the community Foundation but the first requirement is returned to the owner.
December 14, 2017, 09:42:36 AM
Wonderful... 
How could you let this happen?
How could you let this happen?
December 14, 2017, 07:14:38 AM
i think the recent events (the 10-15 hard forks of bitcoin) have proven that you can do anything you want with bitcoin. "stealing inactive balances" requires a hard fork and doing that will create another altcoin similar to these 10-15 altcoins that started being created this month.
and it doesn't really matter anymore. it is not going to be "bitcoin". and the reason is simple. the notion of "inactive wallet balance" is ridiculous. it is simply thievery! no matter how pretty they are going to disguise it. it is like me coming into your home and take something out of your house and say since you are not using this item -that you paid for some day- i am going to take it away!
and it doesn't really matter anymore. it is not going to be "bitcoin". and the reason is simple. the notion of "inactive wallet balance" is ridiculous. it is simply thievery! no matter how pretty they are going to disguise it. it is like me coming into your home and take something out of your house and say since you are not using this item -that you paid for some day- i am going to take it away!
Agreed. And yet someone suggested it (again for the seemingly billionth time) on the dev mail list this week!
If indeed this “untied bitcoin” is planning this, they must be getting desperate and I can’t believe many people will fall for it.
December 14, 2017, 07:04:28 AM
Jeff "BizCoin" Garzik is at it again, eh?
Well, here's the thing. You have to understand forks. I suggest Andreas video here - https://www.youtube.com/watch?v=rpeceXY1QBM (Forkology for newbies)
When Jeff says he's going to "take inactive balances", what he really means is "I'm going to take a snapshot of the Bitcoin blockchain, fork the code, then move whatever coins I want on my own fork."
So, when he does this, your Bitcoin is safe - you just happen to have BizCoins on Jeff's fork too.
The problem with this of course is, the method he's choosing to get people to "validate" they have Bitcoins can open a whole other avenue of data-ganking and general shennanigans.
I don't trust Jeff with an ice cream cone, and I sure as hell wouldn't trust him with my Bitcoins or even his forked BizCoins.
The title is sensationalist garbage to make it seem like any idiot can fork the Bitcoin blockchain and make arbitrary rules affecting the main chain -- that isn't true, it only affects Jeff's shit-fork.
Garzik, you're a real fucking asshole for even advertising it this way.
Well, here's the thing. You have to understand forks. I suggest Andreas video here - https://www.youtube.com/watch?v=rpeceXY1QBM (Forkology for newbies)
When Jeff says he's going to "take inactive balances", what he really means is "I'm going to take a snapshot of the Bitcoin blockchain, fork the code, then move whatever coins I want on my own fork."
So, when he does this, your Bitcoin is safe - you just happen to have BizCoins on Jeff's fork too.
The problem with this of course is, the method he's choosing to get people to "validate" they have Bitcoins can open a whole other avenue of data-ganking and general shennanigans.
I don't trust Jeff with an ice cream cone, and I sure as hell wouldn't trust him with my Bitcoins or even his forked BizCoins.
The title is sensationalist garbage to make it seem like any idiot can fork the Bitcoin blockchain and make arbitrary rules affecting the main chain -- that isn't true, it only affects Jeff's shit-fork.
Garzik, you're a real fucking asshole for even advertising it this way.
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