Topic: Bitcoin Unlimited(Futures) Coin (Read 566 times)
Thank you very much for your responses.
Can someone tell me what this coin is? Its no 780 on Coin Market Cap. Is this the BTC fork? Or someone is just wanting to cause confusion and possible scam ignorant investors?
bitcoin unlimited does not have code to activate mandatorily... it will only ever activate if there was majority consensus. meaning it becomes btc
so the 'token' on the exchange is not a coin with its own nodes. its just a 'token' on an exchange, in short just a entry on an exchanges database and does not exist outside of the exchange. and should not be treated seriously.
many people think of it as an unbacked gambling game. but basically its just to scam ignorant investors so exchanges can get their % cut of trade fee from people trading in this vapour token
Bitcoin Unlimited was a proposed hard fork which would allow miners to increase or decrease the block size at will, based on the transactions going through the network.
Due to opposition from the current development team Bitcoin Core, opposition from more than 50% of miners, and opposition from much of the broader BTC community, Bitcoin Unlimited now seems very unlikely to happen, so they're trading mainly on speculation and I would argue that what they're trading is a worthless token, since it represents something which doesn't yet exist and has no guarantee of ever existing.
Only two exchanges are trading the token, because the coin itself doesn't exist. The exchange is just basically saying "if Bitcoin Unlimited happens, your one token on the exchange will get you one of those coins".
Due to opposition from the current development team Bitcoin Core, opposition from more than 50% of miners, and opposition from much of the broader BTC community, Bitcoin Unlimited now seems very unlikely to happen, so they're trading mainly on speculation and I would argue that what they're trading is a worthless token, since it represents something which doesn't yet exist and has no guarantee of ever existing.
Only two exchanges are trading the token, because the coin itself doesn't exist. The exchange is just basically saying "if Bitcoin Unlimited happens, your one token on the exchange will get you one of those coins".
Can someone tell me what this coin is? Its no 780 on Coin Market Cap. Is this the BTC fork? Or someone is just wanting to cause confusion and possible scam ignorant investors?
It was made as a way to speculate with the potential hardfork to Buggy Unlimited. Obviously everyone dumped this shit to the ground because nobody would hold this thing on their right mind. This is just an advance of what will happen to JarzikCoin (segwit2xCoin). So get your coins ready to dump the JarzikCoins for free real bitcoins if the fork actually happens.
Can someone tell me what this coin is? Its no 780 on Coin Market Cap. Is this the BTC fork? Or someone is just wanting to cause confusion and possible scam ignorant investors?
It is rank of the BU futures coin's in market capital. Today's movement of the BU's value is seems stand around $117 . Please refer the below link about it. You can get the more information about it.
https://coinmarketcap.com/currencies/bitcoin-unlimited/#markets
Can someone tell me what this coin is? Its no 780 on Coin Market Cap. Is this the BTC fork? Or someone is just wanting to cause confusion and possible scam ignorant investors?
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