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Topic: bitcoin unlimited? - page 2. (Read 2012 times)

sr. member
Activity: 672
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
July 20, 2017, 09:23:19 AM
#32
Bitcoin is unlimited. Of course the faster the transaction is done but until now I have not felt the impact. The question is if bitcoin is so infinite whether it can give a positive for economic development. Because with the infinite bitcoin of course there will be things that can harm. Such as his example can be exploited by people who seek a gap to do the negatip thing. I think one side of it will worsen the economy. Certainly to overcome such a thing. There needs to be technically made. Or arrangements made so that no one exploits bitcoin for unfavorable purposes
full member
Activity: 476
Merit: 100
July 16, 2017, 11:10:26 PM
#31
I am not really excited to see the split at all, this incident will caused the price to go down sharply and the dominance of Bitcoin will be gone, Bitcoin unlimited will makes the transaction become faster but I am afraid Bitcoin splitting will makes both of the bitcoins become weak and then it will be replaced by other coin, at that point Bitcoin value will be decreasing a lot
I think BTU in hitbtc and bitfinex just for checking the psychological of trader and create panic for market. But in few weeks ago have some news about Bitcoin can split to more network: Bitcoin Unlimit, Bitcoin Core, Bitcoin ABC (Bitmain HardFolk) ... make me scared the future of Bitcoin in short time
Actually, I do not think that today you need to be afraid of Bitcoin. The fact is that today this is the chance that enables many users of the crypto currency to buy Bitcoin at a cheaper price and after a while you can have a very good income from these purchases.
sr. member
Activity: 868
Merit: 251
HEX: Longer pays better
July 16, 2017, 10:31:50 PM
#30
I am not really excited to see the split at all, this incident will caused the price to go down sharply and the dominance of Bitcoin will be gone, Bitcoin unlimited will makes the transaction become faster but I am afraid Bitcoin splitting will makes both of the bitcoins become weak and then it will be replaced by other coin, at that point Bitcoin value will be decreasing a lot
I think BTU in hitbtc and bitfinex just for checking the psychological of trader and create panic for market. But in few weeks ago have some news about Bitcoin can split to more network: Bitcoin Unlimit, Bitcoin Core, Bitcoin ABC (Bitmain HardFolk) ... make me scared the future of Bitcoin in short time
legendary
Activity: 1666
Merit: 1001
July 16, 2017, 07:02:56 PM
#29
I am not really excited to see the split at all, this incident will caused the price to go down sharply and the dominance of Bitcoin will be gone, Bitcoin unlimited will makes the transaction become faster but I am afraid Bitcoin splitting will makes both of the bitcoins become weak and then it will be replaced by other coin, at that point Bitcoin value will be decreasing a lot
newbie
Activity: 28
Merit: 0
July 16, 2017, 06:47:43 PM
#28
I'm actually excited to see, what's going to happen. Though, it scares me - at the same time.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 06, 2017, 01:44:15 PM
#27
Proponents say it would fix the current problems we are having now with transactions. People seem to have different ways of trying to fix it. Being on the non-techie side, I can only cross my fingers that this don't ruin bitcoin completely.


if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.

What, they're about to fork today? How would this affect us who only have coins in local exchanges? From what I've read in the forum, users would get similar amounts of BTC and BTU in their wallets. (I suppose that would be for everyone with a software wallet)

What do you mean by local exchanges?

Are they some unknown to a wider world places where you can exchange your local currency to Bitcoin and vice versa? If so, I wouldn't hope that you will receive the same amount of BTU in addition to your stash of bitcoins, though at larger exchanges like Bitfinex, that may well be the case. On the other hand, when Ethereum had been split, Coinbase didn't create another wallet for each holder of this coin, i.e. they basically stole the forked coins
full member
Activity: 182
Merit: 101
May 06, 2017, 11:44:51 AM
#26
if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel


If it happens then there will be great competition between 2 coins, and the effect is there will be a drop in the price of bitcoin because of the bu
hero member
Activity: 868
Merit: 535
May 06, 2017, 09:12:55 AM
#25
Bitcoin is not unlimited, as you might think.

The limit of Bitcoin to only supply up to its maximum cap amount may be said to be a strategy to elevate its value time after time. Since Bitcoins value rely strongly on the Principle of Supply and Demand, it should have a limit so as to keep up with the ever-changing times.

Bitcoins are strongly affected by its demand in the market, and having said so, its scarcity does wonders as to its conversion, making investors and traders alike more eager to hold on to their Bitcoins.   
hero member
Activity: 630
Merit: 500
RealistaToken.com
March 24, 2017, 09:24:07 PM
#24
Bitcoin Bitcoin core unlimitid will make the price go down. of course this will make a protest because a lot of people who deviate bitcoin at a high price and will bitcoin price drops. I myself do not agree with bitcoin unlimitid
hero member
Activity: 1764
Merit: 584
March 24, 2017, 08:23:48 PM
#23
Proponents say it would fix the current problems we are having now with transactions. People seem to have different ways of trying to fix it. Being on the non-techie side, I can only cross my fingers that this don't ruin bitcoin completely.


if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.

What, they're about to fork today? How would this affect us who only have coins in local exchanges? From what I've read in the forum, users would get similar amounts of BTC and BTU in their wallets. (I suppose that would be for everyone with a software wallet).

My advise would be to remove your coins from those exchanges until the threat of hard forking has passed.

Why risk your bitcoin on an exchange when the warning has been announced of a split like this happening.
That would be just a stupid thing to take a chance of that happening.

OK, I will. I'd start reading more about software wallets. I've never though about them before since I don't even have a full bitcoin yet. Here's my problem though, my phone and laptop are kinda old and quite laggy, would I be able to like, back them up online or something? I might have to root my android again, it keeps coming up with this storage full message despite my sd card having 80% of its space free.

Anyway, thanks for reminding me.
hero member
Activity: 644
Merit: 500
Transact Safer / Chase Better
March 24, 2017, 10:26:14 AM
#22
Yes price of BU and BTC both drops first by 50% and then the strong chain will eventually recover back on track. seems like market is reacting with strong stance opposing BU.

It is unlikely that both will drop by exactly 50%. What matters is how much of BTC is dumped on exchanges and how much of BTU is dumped on exchanges. I expect both supporters to get into an all out war.  Smiley

Still, it is a different type of speculation because people are not showing any interest toward BU. Already BTC was dumped on exchanges due to BU propagation, everything will depend on time, whether it is possible to split Bitcoin into BU. This news makes some people not comfortable with Bitcoin.
sr. member
Activity: 924
Merit: 260
March 24, 2017, 10:12:46 AM
#21
The impact of Bitcoin unlimited will be not good for Bitcoin. Because, the gridlock on scalling is putting of peoples. Here the only strong BTC holders will stay and survive. A lot time BTC expert or traders will ignore the bad impact.
I also think it will affect bitcoin negative especially when they motive is political. Bitcoin unlimited is created to bring bitcoin price down and it influences in crypto currencies market. What I know about bitcoin is that it has passed through alot of stage and it's market capitalization is very high so we expect it to keep going stronger.
hero member
Activity: 798
Merit: 501
March 24, 2017, 08:40:20 AM
#20
Split kinda like the movie.
Yes  Smiley
Except this is one is a little more serious and a bit more suspenseful. Embarrassed
https://i.imgur.com/z75AW8Q.jpg

https://youtu.be/84TouqfIsiI
legendary
Activity: 1190
Merit: 1024
March 24, 2017, 03:58:57 AM
#19
Proponents say it would fix the current problems we are having now with transactions. People seem to have different ways of trying to fix it. Being on the non-techie side, I can only cross my fingers that this don't ruin bitcoin completely.


if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.

What, they're about to fork today? How would this affect us who only have coins in local exchanges? From what I've read in the forum, users would get similar amounts of BTC and BTU in their wallets. (I suppose that would be for everyone with a software wallet).

My advise would be to remove your coins from those exchanges until the threat of hard forking has passed.

Why risk your bitcoin on an exchange when the warning has been announced of a split like this happening.
That would be just a stupid thing to take a chance of that happening.

Unlimited bitcoin is not good idea, people might grab it and abuse it. And we must maintain its original outlook to people and to its users. I think the current form of bitcoin is the best and i hope shall continue.
legendary
Activity: 1736
Merit: 1001
March 23, 2017, 09:37:43 PM
#18
Split kinda like the movie.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
March 23, 2017, 09:37:11 PM
#17

But the split chain will be the disadvantages for use the bitcoin unlimited, you can see ETH and ETC.

A split can be prevented if consensus can be reached, which is, at this point, still seems cloudy. Let's see in a few more weeks what will happen as more people commit to their choices.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
March 23, 2017, 09:26:06 PM
#16
if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel
Here you go.
https://www.bitcoinunlimited.info/

I think the blocksize limit of the bitcoin will increase in the future. It makes the block will be more fast to validate the transaction and it makes a confirmation will be less than 15 10 - 15 minutes.
The current limit block is 1 MB.

But the split chain will be the disadvantages for use the bitcoin unlimited, you can see ETH and ETC.
hero member
Activity: 798
Merit: 501
March 23, 2017, 07:40:05 PM
#15
Proponents say it would fix the current problems we are having now with transactions. People seem to have different ways of trying to fix it. Being on the non-techie side, I can only cross my fingers that this don't ruin bitcoin completely.


if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.

What, they're about to fork today? How would this affect us who only have coins in local exchanges? From what I've read in the forum, users would get similar amounts of BTC and BTU in their wallets. (I suppose that would be for everyone with a software wallet).

My advise would be to remove your coins from those exchanges until the threat of hard forking has passed.

Why risk your bitcoin on an exchange when the warning has been announced of a split like this happening.
That would be just a stupid thing to take a chance of that happening.
hero member
Activity: 1764
Merit: 584
March 23, 2017, 07:34:40 PM
#14
Proponents say it would fix the current problems we are having now with transactions. People seem to have different ways of trying to fix it. Being on the non-techie side, I can only cross my fingers that this don't ruin bitcoin completely.


if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.

What, they're about to fork today? How would this affect us who only have coins in local exchanges? From what I've read in the forum, users would get similar amounts of BTC and BTU in their wallets. (I suppose that would be for everyone with a software wallet).
hero member
Activity: 994
Merit: 544
March 23, 2017, 07:31:26 AM
#13
if true unlimited later bitcoin was received, whether the benefits of influential for us / impact we will feel

Bitcoin unlimited was not yet launched and thus we cannot feel the impact of the coins existence as of this moment. Though bitfinex is already selling   BCU or bitcoin unlimited but according to some users here in this forum the Hardfork was not yet working at this moment. Thus I submit to believe that if BU code had started to work then we can already feel the strong impact today.
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