Topic: Bitcoin Unlimited (Read 4352 times)

I totally agree the price drop was due to Bitcoin unlimited threats to Bitcoin but now that the threat is gone,traders confidence returns,but Bitcoin Unlimited could become another major altcoin and could receive respects from the altcoin traders.

yup. Panic sell ended

The price rise of the BTC is now because people realized that no hard fork will happen?

It could disrupt everything,better leave bitcoin as it is,I consider Bitcoin Unlimited as another altcoin like all the other bitcoin clone here,unless there's 80 to 905 consensus by all the major stakes holders I doubt if it can move forward ..

Any one want to buy a million ASIC doorstops?

maybe its not a hoax just a few people try to make some real good changes to btc, but i guess they will not succeed, even if their purpose would be good. Better leave BTC as is

To me it seems the whole Bitcoin Unlimited episode is a hoax, designed to lever the spread between extremely cheap signalling costs and extremely large returns on market movements.

without the right consensus they can not fork, otherwise they would end with an altcoin at 100%, after all all the altcoin are hard fork of bitcoin without reaching any consensus, this is the point of consensus to have the original chain upgraded and not a new one

How come free btc will have it wont until the gov is dead

Perhaps some of you may want to go comment in the thread I started in Bitcoin Discussion. I don't often comment over there...

Not with an unilateral fork.

Mate you still have time to think about this. Look where we are at now
https://blockchain.info/fr/charts/bitcoin-unlimited-share

It doesn't really matter at what hasrate they fork. BTU will still be an alt and Polo said they might not even list it. And they can fork at at any %. They don't need to wait until 51% or 76% or any other number.

same thing will go and what will be the benefits of this to bitcoin holder aside from acquiring benefits with its value? its barely
needed to keep an eye from this debate for us not to be left behind.

awesome, BTU is solving the problem of BTC, BTC can be possible if syncor with BTU it will be better, so that BTC is the BTU and BTU is BTC. or BTU is the largest number of BTC contract, this will not eliminate the BTC price is too much.

AFAIK It will be like it was at ETH when ETC was released. You will get BTU in proportion with your BTC holdings.

As far as I understand, BU is an unilateral hard fork, meaning they still accept, on their chain, "old style" blocks (and even Segwit blocks).  In as much as that is right, it would be extremely careless for them to fork with a very small majority, because they could be orphaned if ever their majority gets lost.  If it were a bilateral hard fork, no such danger exists of course, they could even fork at 20%.

But BU cannot fork at 51% (technically, they can, but it is suicide), because the slightest bit of loss in hash rate makes their big blocks being orphaned, maybe a few weeks from now: imagine the disaster !  All BU transactions gone, as if they never took place !

Moreover, the exchanges listing BU as an alt coin, BU would lose the only thing bitcoin has going for it: its brand name.

However, if BU forks at 75%, they are pretty sure to survive for at least a while, the time people "vote in the market".  Moreover, the OTHER bitcoin, left with only 25% of hash rate, would be in serious problems: only a block every 40 minutes, and only hope to get it fixed 2 months from now, UNLESS they hardfork too and change difficulty "by hand".  Major cluster fuck for "normal bitcoin".

All normal bitcoin users would see their wallets come to a halt until they upgrade to the latest, hardforked version of "true bitcoin", with a hard fork !

Exchanges might reconsider their stance if the "true bitcoin" is a minority chain with a lot of technical difficulties and no transactions, and BU, majority chain, happily running, and call BU "bitcoin".

So BU would kill itself with a small majority, but would have serious chances to get the brand name and kill off the old chain if they had a LARGE majority.

Which miners will never give them.

How can we know if the fork  is going to happen?

I see unlimited hash power is about 37%, way below 51%

No we don't have to move our bitcoin core to BTU it will be automatically doubled / replicated. And besides that is still on debate and this is just politics. As of now, there's no real deal on this BTU however there are a lot of people that wants to migrate on this "rogercoin" but you don't have to worry about it.