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Topic: Am I missing something or is BTU at 45% of the network hash - page 3. (Read 2005 times)

legendary
Activity: 1256
Merit: 1009
There is a real risk that BU will start adding sybil nodes to the network, to push BU nodes up to 51% or more (it should be obvious now that an overwhelming majority of genuine Bitcoin users do not want BU).


Once they've done this, the BU shills can just turn the whole thing into a great big charade (and let's be honest, faking it is their speciality)



Then the attack on the BTC chain begins. They can use 51% nodes and 51% hashrate to make Bitcoin unusable, no transactions will confirm on the BTC chain if they attack with sufficient vigour (and the BU pushers in chief have already said that this is their intention, to "help avoid confusion" lol).

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.

I don't intend to sound contrarian.  Over time I've moved to hoping core wins in spite of their many missteps as they're obviously the more qualified candidates.

But we aren't being "forced" into anything.  Anymore than the big blockers yelling about how they were being "forced into high fees by greedy miners" a year ago.  The governance we've chosen is governing. 

If we don't like it, the only way to move is with our usage & money.  I've watched this entire thing go on since Bitcoin XT.  It began as a whisper, grew louder and louder.  I left for a year and came back with 40% of the hashpower directed at BTCU.  In addition to the btc reddit being almost as active as the bitcoin reddit (thank you censorship).  This is hardly some weird loudmouthed faction.  It has steadily grown into almost a consensus over a few years.

There is plenty of blame to go around in this entire debacle.  Both sides are so busy screaming it's almost impossible to figure out what's really going on.
hero member
Activity: 994
Merit: 544
There is a real risk that BU will start adding sybil nodes to the network, to push BU nodes up to 51% or more (it should be obvious now that an overwhelming majority of genuine Bitcoin users do not want BU).


Once they've done this, the BU shills can just turn the whole thing into a great big charade (and let's be honest, faking it is their speciality)



Then the attack on the BTC chain begins. They can use 51% nodes and 51% hashrate to make Bitcoin unusable, no transactions will confirm on the BTC chain if they attack with sufficient vigour (and the BU pushers in chief have already said that this is their intention, to "help avoid confusion" lol).

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.

If we allow BU to take over the bitcoin network or let them monopolize the bitcoin mining sector then in the end bitcoin will be corrupted with bugs and many problems. The bitcoin unlimited has made the bitcoin community to somehow weaken their trust to bitcoin. If bitcoin unlimited will be successful then almost everyone who invested on bitcoin will leave and shift to ethereum.
legendary
Activity: 3430
Merit: 3080

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.


Well if you do PoW change at least make it GPU friendly so CPU botnets won't take over.


That's a topic for discussion, sure, and I entirely see your point. Bear in mind there is no perfect solution, the basic choices appear to be

  • Do nothing. BU aggressively destroys the BTC chain with the various means they have at their disposal
  • Change to CPU only PoW. As you say, infecting millions of machines could give attackers an advantage against such a move, it depends how many honest miners we can attract
  • Change to a GPU capable PoW. This would means inviting FPGAs into the mix too, and that could suffer different centralisation issues (although not as significant as the problem with ASICs)

Join the change-to-PoW discussion here: https://bitcointalksearch.org/topic/ann-bitcoin-pow-upgrade-initiative-1833391
legendary
Activity: 1092
Merit: 1000
There is a real risk that BU will start adding sybil nodes to the network, to push BU nodes up to 51% or more (it should be obvious now that an overwhelming majority of genuine Bitcoin users do not want BU).


Once they've done this, the BU shills can just turn the whole thing into a great big charade (and let's be honest, faking it is their speciality)



Then the attack on the BTC chain begins. They can use 51% nodes and 51% hashrate to make Bitcoin unusable, no transactions will confirm on the BTC chain if they attack with sufficient vigour (and the BU pushers in chief have already said that this is their intention, to "help avoid confusion" lol).

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.

LOL,

They have no need to block transactions, once they can hold 51% for a few weeks, all they have to do it release One > 1 MB block,
 that forks the network , and then release a BTU update with a hard coded checkpoint forever more locking Core weak chain from theirs.
Which means core can then force segwit on the remaining users , with only ~60% of the now decreased hash rate (Still won't get 95%).
or update their core code to accept larger blocks and rejoin BTU as the one and only Bitcoin, their choice.

If Core changed the PoW , then they throw the ASICS miners that voted for them under the Bus.
No Loyalty among thieves.  Cheesy

Those ASICS miners will have no choice but to support BTU or have all of their warehouses of ASICS become worthless overnight.
So then the entire 100% of ASICS Miners will be supporting BTU and your SEGPAL coin only supported by Hackers Botnets.  Cheesy
Do you want to guess which coin is going to be the more secure , BTU Wins Easily.
DeadWIT has Lost.

 Cool
full member
Activity: 199
Merit: 100

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.


Well if you do PoW change at least make it GPU friendly so CPU botnets won't take over.
legendary
Activity: 3430
Merit: 3080
There is a real risk that BU will start adding sybil nodes to the network, to push BU nodes up to 51% or more (it should be obvious now that an overwhelming majority of genuine Bitcoin users do not want BU).


Once they've done this, the BU shills can just turn the whole thing into a great big charade (and let's be honest, faking it is their speciality)



Then the attack on the BTC chain begins. They can use 51% nodes and 51% hashrate to make Bitcoin unusable, no transactions will confirm on the BTC chain if they attack with sufficient vigour (and the BU pushers in chief have already said that this is their intention, to "help avoid confusion" lol).

We're being forced into PoW change. The sooner everyone admits this, the sooner we can move on, and with Bitcoin as undamaged as possible, preferably.
legendary
Activity: 1092
Merit: 1000
No, youre not missing anything. Bitcoin will surely hardfork to Bitcoin Unlimited before this year ends. Its slowly gaining the numbers and its trending to > %50. When it reaches that stage it will not be a case of if anymore but when. Although Ive heard about an emergency POW algorithm upgrade that will put a stop to all this.

Be Interesting to see who the Public Trust More
China with the ASICS
or
Hackers with their Botnets
(Because they have access to the most CPU power.)

 Cool
legendary
Activity: 1092
Merit: 1000
One question is how much longer before BW Pools picks a side,
8mb block is not receiving any more votes.
They are wasting their voting % on 8mb.

They could tip BTU 5% closer to winning forever.  Wink

 Cool  
sr. member
Activity: 868
Merit: 259
No, youre not missing anything. Bitcoin will surely hardfork to Bitcoin Unlimited before this year ends. Its slowly gaining the numbers and its trending to > %50. When it reaches that stage it will not be a case of if anymore but when. Although Ive heard about an emergency POW algorithm upgrade that will put a stop to all this.
sr. member
Activity: 280
Merit: 253
This might very well be true, but keep in mind that there is some variance involved, the last 24 hours seem to be higher due to this. The trend is more BU though. 
legendary
Activity: 1256
Merit: 1009
http://xtnodes.com/#block_explorer


In the last 24 hours (144 blocks), Unlimited + Classic hashrate is ~1420 PH/s (45.1%) of the total Bitcoin network (3145 PH/s).

In the last 7 days   (1000 blocks), Unlimited + Classic hashrate is ~1214 PH/s (38.6%) of the total Bitcoin network (3145 PH/s).

Am I missing something?
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