Bitcoin Unlimited adoption at new record high.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Sithara007 on April 26, 2017, 12:42:25 AM

Bitcoin Unlimited is the only viable solution for the block size issue.

BU is neither viable nor a solution. It is the third in an ongoing series of failed attacks on Bitcoin. XT and Classic already died, and BU is well on its way.

What will be the next failed attack? Tune in next week and find out...

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: Sithara007 on April 26, 2017, 12:42:25 AM

Quote from: davis196 on April 26, 2017, 12:34:31 AM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

Bitcoin Unlimited adoption is increasing and the btc price is still pretty good.
That`s weird.Maybe the hard fork is really something good for us.
Where can i get some BU? ;DJust kidding.

Bitcoin Unlimited is the only viable solution for the block size issue. If it is implemented, then the exchange rates will go up by a good amount. The other proposals such as Bitcoin XT and Bitcoin Classic are not permanent solutions.

Obviously, the core supporters will disagree. The timing of solving the blocksize issue is also important. If we wait too long, then an alt might become strong enough to supplant bitcoin.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: davis196 on April 26, 2017, 12:34:31 AM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

Bitcoin Unlimited adoption is increasing and the btc price is still pretty good.
That`s weird.Maybe the hard fork is really something good for us.
Where can i get some BU? ;DJust kidding.

Bitcoin Unlimited is the only viable solution for the block size issue. If it is implemented, then the exchange rates will go up by a good amount. The other proposals such as Bitcoin XT and Bitcoin Classic are not permanent solutions.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

Bitcoin Unlimited adoption is increasing and the btc price is still pretty good.
That`s weird.Maybe the hard fork is really something good for us.
Where can i get some BU? ;DJust kidding.

ImHash

hero member

Activity: 924

Merit: 506

Quote from: chmanmeow on April 25, 2017, 08:28:35 PM

Just look at BCU vs BCC coins on bitfinex, that'll tell you which coin is "winning." The most important concern I have is BU developers don't have the expertise to run a 4 billion dollar network. Just imagine these node crashes happening on BTC, no one would take BTC seriously.

Which $4B network are you talking about? because as far the bitcoin market cap goes it's more than $20B and that BCU vs BCC is just a scheme to attract more volume for their exchange nothing more.

I don't know about 75% of the latest blocks mined if they should indicate for activation or not but any changing of the protocols and source code such as increasing the max block size without 95% of total nodes and miners consensus is a total disaster and they know it as well that's why they are either keeping the block size at 1MB or if they're supposed to increase it they want to be under their own terms so they could take high fees with current 1MB limit and also take all the fees all together if block size were to increase.
They don't want SW because it will block their spam transactions done to bump the fees because it will force them to mine averagely every 10 minutes and not mining 2 blocks in less than 3 minutes with their ASICboost.

Pattberry

sr. member

Activity: 448

Merit: 250

Quote from: chmanmeow on April 25, 2017, 08:28:35 PM

Just look at BCU vs BCC coins on bitfinex, that'll tell you which coin is "winning." The most important concern I have is BU developers don't have the expertise to run a 4 billion dollar network. Just imagine these node crashes happening on BTC, no one would take BTC seriously.

The biggest hurdle that the BU is facing is that they are not competent to run a billion dollar network as we are seeing more crashes every month and now they will change the plan to have more competing networks just in case that the network crashes and they will be building up a case to convince everyone to follow a multi platform network. Cheesy

chmanmeow

newbie

Activity: 9

Merit: 0

Just look at BCU vs BCC coins on bitfinex, that'll tell you which coin is "winning." The most important concern I have is BU developers don't have the expertise to run a 4 billion dollar network. Just imagine these node crashes happening on BTC, no one would take BTC seriously.

Shady

full member

Activity: 294

Merit: 100

Life is a game, you either play it or get played.

I see prices recovering, almost nearly going up after falling as well... Think of Bitcoin as a success which surely will go up no matter what happens because of it as an international product rather than guarded by boundaries.

I'll likely keep fueling my cryptocurrency efforts + try at more faucets while I can to increase my loadout.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

You're looking at the wrong statistic. That 42% is the percentage of blocks signalling for BU and is unrelated to adoption. A single miner with 42% of the hash rate could achieve that even if there was absolutely zero adoption.

Anyone can fork Bitcoin whenever they like, but they would be stupid to attempt it without support from the users.

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

The price doesn't reflect that. We are flirting with all time highs now.
This wouldn't be the case if a fork was imminent and we had all the associated doomsday scenarios.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: maku on April 25, 2017, 05:25:25 AM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

You realize that this is not 'adoption' this is only forced by handful of people who are owners of mining pools.
Jihan alone is responsible for majority hash power supporting Bitcoin Unlimited. Just look at the number of BU nodes (10%).
Then confront number of nodes with hash support power. Do you see dramatic discrepancy here?

Well, this mean only a few people owning a huge hash are pushing BU, and with its asicboost which gives 20% electric consumption thus adding 20% more hash am sure they had an advantage on this. If only BU have an excellent coder, they could have won the race, since glitches, bugs and crashes should have not happen.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Doesn't it have to reach 66% to fork? It doesn't seem like that is going to happen any time soon.
How come nodes are pretty much all sticking to core, but miners are moving to BU?

I thought core was better for miners, so they can have high fees, but nodes don't gain or lose too much, except that they will need more storage space for the blockchain if BU goes through.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: Amph on April 25, 2017, 02:00:57 AM

until they reach 75% there is no worry, i'm sure it won't be activated with all the recent bugs and incompetency they have

Quote from: Distamod on April 24, 2017, 12:15:28 PM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

It seems there is a possibilty that segwit will not happen at present forms.

miners are just undecided , segwit was at 35% before and bu 38%

Quote from: quake313 on April 25, 2017, 12:24:19 AM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

isn't most of bitcoin unlimited hash in one form or another connected to bitmain?

since the antminer s9 is the best one now, all the pool are running that so yes, but why bitmain should go with BU if with litecoin they supported segwit with their new asic also, doesn't make sense to me

Im starting to think that the theory of miners not actually wanting BU, and using BU as a way to keep segwit away in order to keep bitcoin as it is, is the correct theory.

What do miners gain by pushing BU anyway? Anything that increases the blocksize in any shape or form, be segwit, be BU or be an actual blocksize increase, goes against miner's fees, so why would miners want to ever increase the blocksize?

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Sundark on April 25, 2017, 06:31:44 AM

Even in the case when Bitcoin Unlimited would reach 51% of total hash power they would never try to attack the network. It is PR suicide.
Miners knows that they BU is not highly regarded within the community, pathetic number of BU nodes is clear example of that.
Realistically I would expect that BU take over could start from 75% hash power majority no less.

BTU can jump to over 51% without any problems as Jihan (and even other miners) just needs to point more power towards BTU, but they won't do so obviously.

It will significantly harm their operations as it is extremely risky and potentially very destructive. No matter how crazy Jihan is, he will not go through that as the negative consequences are too heavy to ignore.

Sundark

hero member

Activity: 560

Merit: 502

Quote from: ?? on ??

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

Spoiler: It's not gonna happen.

Even in the case when Bitcoin Unlimited would reach 51% of total hash power they would never try to attack the network. It is PR suicide.
Miners knows that they BU is not highly regarded within the community, pathetic number of BU nodes is clear example of that.
Realistically I would expect that BU take over could start from 75% hash power majority no less.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

You realize that this is not 'adoption' this is only forced by handful of people who are owners of mining pools.
Jihan alone is responsible for majority hash power supporting Bitcoin Unlimited. Just look at the number of BU nodes (10%).
Then confront number of nodes with hash support power. Do you see dramatic discrepancy here?

1Referee

legendary

Activity: 2170

Merit: 1427

Stop using wrong terms. Adoption is that people are slowly but surely start to accept/use something, which isn't the case with BU. BU just gains its increased support from the same pools that are just *temporarily* allocating more hashpower to BU, and that's it. I think that's something you should know already as a funky legendary member... Record high for BU was 50% a few days ago, but you seem to have missed that as well?

Amph

legendary

Activity: 3248

Merit: 1070

until they reach 75% there is no worry, i'm sure it won't be activated with all the recent bugs and incompetency they have

Quote from: Distamod on April 24, 2017, 12:15:28 PM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

It seems there is a possibilty that segwit will not happen at present forms.

miners are just undecided , segwit was at 35% before and bu 38%

Quote from: quake313 on April 25, 2017, 12:24:19 AM

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

isn't most of bitcoin unlimited hash in one form or another connected to bitmain?

since the antminer s9 is the best one now, all the pool are running that so yes, but why bitmain should go with BU if with litecoin they supported segwit with their new asic also, doesn't make sense to me

quake313

sr. member

Activity: 268

Merit: 250

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

isn't most of bitcoin unlimited hash in one form or another connected to bitmain?

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: kwukduck on April 23, 2017, 05:17:07 PM

Almost 42% and rising.
Suuuuure that fork is never going to happen. Lol.

Yeah sure almost. What a bad timing to start a thread like this Tongue

Bitcoin Unlimited Suffers Biggest Node Crash On Record . let us do one thing,start again from the beginning and build a slow hype at a later time and lets see how people will respond Tongue

Can you explain why the latest crash happened.

Topic: Bitcoin Unlimited adoption at new record high. (Read 1900 times)