Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow - page 2.

Oggy1987

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Quote from: deisik on March 21, 2017, 04:35:17 AM

Quote from: Oggy1987 on March 21, 2017, 03:06:29 AM

Quote from: xypos on March 21, 2017, 02:28:14 AM

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Most exchanges favour bitcoin core.
They have stated as you said in their press announcements that their position on it is that if a hard fork happens and there ends up with "two different versions of bitcoins", then they will add BU as an altcoin whilst keeping bitcoin core as the main "BTC".
Most people still favour bitcoin core, but bitcoin unlimited is gaining traction + hashing power.

I wonder when the hard fork is going to happen, boy it's going to be damn interesting.

Interesting, and a chance to win big or lose even bigger Cheesy

I cannot say it doesnt worry me, I still didnt figure out what is best to do, to secure my investment in bitcoin

Did you ever wonder how strange the whole shebang looks?

The BU project claims to make Bitcoin better, and it would be really bizarre if they claimed to the contrary. But somehow instead of thinking how you would personally profit from the development of this project and its activation in the nearest future, you actually come to think about how to secure your Bitcoin investments. What you may want to ask is what are the real intentions of the folks behind BU? Do they really want so much to make Bitcoin better or just want to stifle its current implementation even if that will hurt the majority of Bitcoin users? Are they mad or what?

I cant call myself bitcoin specialist, so I'll keep it simple, as simple I see it. So... With large enthusiasm I entered in bitcoin world, not to fool anyone, it was purely as a chance to make profit, as more I learned, I started to see other good things about it, but not relevant for this story.
At this point, my main concern is to keep my investment as it is now, not to make profit, but not to lose either. I think that says it all, I do believe that money makes you go crazy, and forget about other people interests. But I feel small enough, so I wont start blaiming and accusing BU, without any proof.

ImHash

hero member

Activity: 924

Merit: 506

If Bu forks bitcoin with hash power alone they can go for sure and sell their stash but when they see exchanges are not accepting their coin as btc it would be too late to switch to Core, so instead of being idiots and avoid your pools to lose at least 1000BTC a day just switch to Core and let us to continue as one strong chain because no matter if BU forks or not SW will be activated regardless Cheesy

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Oggy1987 on March 21, 2017, 03:06:29 AM

Quote from: xypos on March 21, 2017, 02:28:14 AM

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Most exchanges favour bitcoin core.
They have stated as you said in their press announcements that their position on it is that if a hard fork happens and there ends up with "two different versions of bitcoins", then they will add BU as an altcoin whilst keeping bitcoin core as the main "BTC".
Most people still favour bitcoin core, but bitcoin unlimited is gaining traction + hashing power.

I wonder when the hard fork is going to happen, boy it's going to be damn interesting.

Interesting, and a chance to win big or lose even bigger Cheesy

I cannot say it doesnt worry me, I still didnt figure out what is best to do, to secure my investment in bitcoin

Did you ever wonder how strange the whole shebang looks?

The BU project claims to make Bitcoin better, and it would be really bizarre if they claimed to the contrary. But somehow instead of thinking how you would personally profit from the development of this project and its activation in the nearest future, you actually come to think about how to secure your Bitcoin investments. What you may want to ask is what are the real intentions of the folks behind BU? Do they really want so much to make Bitcoin better or just want to stifle its current implementation even if that will hurt the majority of Bitcoin users? Are they mad or what?

Oggy1987

full member

Activity: 126

Merit: 100

Quote from: xypos on March 21, 2017, 02:28:14 AM

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Most exchanges favour bitcoin core.
They have stated as you said in their press announcements that their position on it is that if a hard fork happens and there ends up with "two different versions of bitcoins", then they will add BU as an altcoin whilst keeping bitcoin core as the main "BTC".
Most people still favour bitcoin core, but bitcoin unlimited is gaining traction + hashing power.

I wonder when the hard fork is going to happen, boy it's going to be damn interesting.

Interesting, and a chance to win big or lose even bigger Cheesy

I cannot say it doesnt worry me, I still didnt figure out what is best to do, to secure my investment in bitcoin.

AngryDwarf

sr. member

Activity: 476

Merit: 501

Kraken is under the same DCG portfolio as blockstream, so don't be surprised if their view point is biased.

xypos

sr. member

Activity: 532

Merit: 250

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Most exchanges favour bitcoin core.
They have stated as you said in their press announcements that their position on it is that if a hard fork happens and there ends up with "two different versions of bitcoins", then they will add BU as an altcoin whilst keeping bitcoin core as the main "BTC".
Most people still favour bitcoin core, but bitcoin unlimited is gaining traction + hashing power.

I wonder when the hard fork is going to happen, boy it's going to be damn interesting.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: user27 on March 21, 2017, 01:42:29 AM

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Yep, most of the bitcoin and altcoin exchanges including Poloniex, Bittrex, Bitfinex and the like are making a public statement saying that Bitcoin Unlimited will be listed as an altcoin on the exchange instead of BTC itself.

Bitcoin core will remain to be the "BTC" on exchanges which you deposit and withdraw with.

If there was to be a fork with two coins in the end, then bitcoin's value will probably drop dramatically.

BTU + BTC would be the price that bitcoin is supposed to be at at any given moment, just like what happened with ETH and ETC

This is an unlikely event

I don't actually know much about the exact circumstances of the ETH versus ETC showdown, but I think I can safely assume it is not the case there either. Really, the only chance that the Bitcoin price could theoretically be made up of the BTU and BTC prices (if there would be no split) is when people holding old Bitcoins sold them and bought exactly the same amount of new bitcoins (or didn't sell and buy anything at all as an edge case). Obviously, this won't be the case in real life because some people will just sell their bitcoins and switch to something else (to fiat or another coin), while other people may just add new bitcoins to their portfolio. And the chances that the prices would be perfectly balanced in the aforementioned way are even less than those of people selling and buying the same amounts of old and new bitcoins

Carlton Banks

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"What's in a name? Would not a rose, by any other name, smell as sweet?"

You can keep the name, we will keep the truth

Lauda

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Merit: 3000

Terminated.

Quote from: Omega Weapon on March 20, 2017, 07:29:45 PM

Exchanges will go with whatever is chosen if BU end ups winning and being accepted by the community then it will become bitcoin whether some don't agree with that and the exchanges will have to accept it too.

I don't really see how this could possibly happen. Bitcoin EC seems to make more sense right now.

Quote from: n0ne on March 20, 2017, 09:04:52 PM

The bug caused a crash to the BU network making a drop to 32% support from the miners.

It didn't, really. The reason for this is that in reality, miners are actually running Bitcoin Core. Roll Eyes

Quote from: n0ne on March 20, 2017, 09:04:52 PM

Same time the nodes fell from 781 towards 490 which has been recorded as the lowest since October 2016. Now it has regained and reached 690 nodes.

Almost all of the nodes were back up in <24 hours, which one might think is a good thing, but in reality it just raises more questions.

Quote from: deisik on March 20, 2017, 11:26:58 PM

Quote from: Sadlife on March 20, 2017, 09:22:19 PM

It's really up to the miners to decide not community itself we're all just spectators in this war and BU had still gained 40% support even after the BU nodes crashing down in the recent attack i thought BU is finish but then again miners started supporting them again.
Let's just wait see how this all go's and hopefully it will benefit us all.

Ultimately, it is not up to miners to decide on the fate of Bitcoin
-snip-

Correct. Some seem to have the false understanding that "hashrate == Bitcoin".

Juggy777

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Activity: 2646

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The video is really nice, at least someone is taking a stand against Bitcoin unlimited. I wish the community would unite and make the miners hear their voices, but. Sadly we are a divided lot and the miners are taking full advantage of our situation. I yet will say let's send a strong message to the miners. We could make a campaign on change. Org maybe that would help us. I would suggest the community to wake up and contribute as to how we can make the miners hear our voices.

user27

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Activity: 266

Merit: 250

Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Yep, most of the bitcoin and altcoin exchanges including Poloniex, Bittrex, Bitfinex and the like are making a public statement saying that Bitcoin Unlimited will be listed as an altcoin on the exchange instead of BTC itself.

Bitcoin core will remain to be the "BTC" on exchanges which you deposit and withdraw with.

If there was to be a fork with two coins in the end, then bitcoin's value will probably drop dramatically.

BTU + BTC would be the price that bitcoin is supposed to be at at any given moment, just like what happened with ETH and ETC.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Sadlife on March 20, 2017, 09:22:19 PM

It's really up to the miners to decide not community itself we're all just spectators in this war and BU had still gained 40% support even after the BU nodes crashing down in the recent attack i thought BU is finish but then again miners started supporting them again.
Let's just wait see how this all go's and hopefully it will benefit us all.

Ultimately, it is not up to miners to decide on the fate of Bitcoin

You should understand if all today's miners decide to mine the new Bitcoin but users choose to stay with the old one, miners can do nothing. And all their hashing power will be totally irrelevant and inconsequential. Hashing power decides how many miners can actually mine bitcoins but the monopolization of mining (which is where hashing power rules) works against miners in this case since they are no longer representing the community. If half of a dozen miners that are mining 99% of bitcoins today are gone, half of a hundred miners will immediately jump in and substitute for them. And what the gone miners will be doing with all their hashing power and their multimillion dollar hardware?

Sadlife

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It's really up to the miners to decide not community itself we're all just spectators in this war and BU had still gained 40% support even after the BU nodes crashing down in the recent attack i thought BU is finish but then again miners started supporting them again.
Let's just wait see how this all go's and hopefully it will benefit us all.

n0ne

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DGbet.fun - Crypto Sportsbook

Quote from: jonald_fyookball on March 20, 2017, 02:54:13 PM

Quote from: Pab on March 20, 2017, 02:50:37 PM

BU has serious bugs,thay are not able to fix it

The last critical bug that caused nodes to go offline was fixed in about an hour.

The bug caused a crash to the BU network making a drop to 32% support from the miners. Same time the nodes fell from 781 towards 490 which has been recorded as the lowest since October 2016. Now it has regained and reached 690 nodes. I believe now too developers might be with plans to crash if it evolves as a threat getting listed as BTU on exchanges.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

they've been franked again!

franky1

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OP references a video of a guy living in a trailer..yep he must be well connected..

secondly OP and the video guy have not really understood bitcoin, the concepts or even the exchanges announcement

here is a subtle hint
"in the event of a contentious"

the announcement did not say
in the event of consensus

the announcement did not say
in the event of any split

just in the event of a contentious split..
oh and by the way, even places like bitfinex have been more refined with the announcement
if core lose majority. their alt is BCC
if non core lose majority their alt is BCU
devil is in the details of the announcement... "contentious"
https://twitter.com/bitfinex/status/843226656940679170

Omega Weapon

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Quote from: Sundark on March 20, 2017, 11:42:36 AM

We already know that Bitcoin Exchanges won't allow BU to usurp the throne and will treat it as an altcoin.
Maybe it is time to stop supporting Bitcoin Unlimited and/or set real consensus conditions for BU to take over.

Please watch this video and share your comments below: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow / MelonPort on Kraken / Much More!

Exchanges will go with whatever is chosen if BU end ups winning and being accepted by the community then it will become bitcoin whether some don't agree with that and the exchanges will have to accept it too.

Pab

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Quote from: jonald_fyookball on March 20, 2017, 02:54:13 PM

Quote from: Pab on March 20, 2017, 02:50:37 PM

BU has serious bugs,thay are not able to fix it

The last critical bug that caused nodes to go offline was fixed in about an hour.

What about trojans what has been found in BU China,whatever me and my frends greatcdev,we are on the way to dvelop BTC super,super,we will than make fork,and release btcsupersuper
Money like silance so we dont want to make noise,you will see will be great ,stay tuned

Lauda

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Terminated.

Quote from: jonald_fyookball on March 20, 2017, 02:54:13 PM

Quote from: Pab on March 20, 2017, 02:50:37 PM

BU has serious bugs,thay are not able to fix it

The last critical bug that caused nodes to go offline was fixed in about an hour.

You mean, after it was been present for weeks/months? Roll Eyes

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Pab on March 20, 2017, 02:50:37 PM

BU has serious bugs,thay are not able to fix it

The last critical bug that caused nodes to go offline was fixed in about an hour.

Topic: Bitcoin Unlimited Won't Ever Be The "Bitcoin", Exchanges Vow - page 2. (Read 2571 times)