Topic: Bitmain announces plan to create altcoin if BIP148 succeeds - page 14. (Read 16934 times)
Another yes from me.
Only centralized shitcoin will be Cores UASF who has a very minority support.
And how would a UASF chain mined by ACTUAL bitcoin users be centralized?
You're saying Jihan and the many big blockers aren't actual bitcoiners? Sounds like an emotional thing to say. And to answer your question, maybe it won't be centralized, but it definitely won't be bitcoin with minority hash power. Don't fall for the lies. We will soon have a superior bitcoin with large blocks and we may also have a Core/Segwit altcoin. Ignore false narratives that try and flip this.
Good luck with your altcoin goals, you fucking idiot.
Real nice buddy.
Even Theymos has always said that anything that changes consensus rules without overwhelming majority or any client that isn't Bitcoin Core is an altcoin. UASF fails both of these. He is a hypocrite and you will be the one on an altcoin as UASF support is seemingly nonexistent outside of censored echochambers.
Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.
o rly
https://vote.bitcoin.com/
i suppose this is all just roger voting right?
yes (literally)
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Only centralized shitcoin will be Cores UASF who has a very minority support.
And how would a UASF chain mined by ACTUAL bitcoin users be centralized?
You're saying Jihan and the many big blockers aren't actual bitcoiners? Sounds like an emotional thing to say. And to answer your question, maybe it won't be centralized, but it definitely won't be bitcoin with minority hash power. Don't fall for the lies. We will soon have a superior bitcoin with large blocks and we may also have a Core/Segwit altcoin. Ignore false narratives that try and flip this.
Good luck with your altcoin goals, you fucking idiot.
Real nice buddy.
Even Theymos has always said that anything that changes consensus rules without overwhelming majority or any client that isn't Bitcoin Core is an altcoin. UASF fails both of these. He is a hypocrite and you will be the one on an altcoin as UASF support is seemingly nonexistent outside of censored echochambers.
Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.
o rly
https://vote.bitcoin.com/
i suppose this is all just roger voting right?
After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.
I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.
It is obvious that you are not a (very experienced) trader (or not a trader at all)
Selling bitcoins before the split would be a wise decision any way you look at it. It is almost a certain that price will crash after the split (even if temporarily) or even before it (if it is really going to happen, due to insiders cashing out), so the risk is not worth it. If you don't know which camp to stick to, you can buy back both coins at cheaper price, and thus you would be better off overall than if you decided just to hold. I guess I won't have to explain where exactly your logic fails. It should be straightforward
IMO August forkers are defintely offering something better than what Bitmain announced. Yeah, BIP 148 is an aggresive way to signal Segwit, but the point is Segwit gets activated. Bitmain is just fooling around, after Segwit2x, another gig at stalling the progress.
Yep, there are many more people who are willing to just go with SegWit over all the nonsense Bitmain is trying to tack on with this UAHF proposal.
Source? I see the opposite as true.
Check the node count. The majority of people are still running Core nodes which allows for SegWit to be signaled, not XT/BU/Classic/etc. The majority of miners have also not been signalling for what Jihan wants.
Only centralized shitcoin will be Cores UASF who has a very minority support.
And how would a UASF chain mined by ACTUAL bitcoin users be centralized?
You're saying Jihan and the many big blockers aren't actual bitcoiners? Sounds like an emotional thing to say. And to answer your question, maybe it won't be centralized, but it definitely won't be bitcoin with minority hash power. Don't fall for the lies. We will soon have a superior bitcoin with large blocks and we may also have a Core/Segwit altcoin. Ignore false narratives that try and flip this.
Good luck with your altcoin goals, you fucking idiot.
Real nice buddy.
Even Theymos has always said that anything that changes consensus rules without overwhelming majority or any client that isn't Bitcoin Core is an altcoin. UASF fails both of these. He is a hypocrite and you will be the one on an altcoin as UASF support is seemingly nonexistent outside of censored echochambers.
Do you feel you are being censored here? You're sprouting your horseshit and people are free to agree with it, yet somehow no one does. Apart from the mentally disabled useful idiot Ver, there is no one with any significat amount of BTC that supports jihancoin. Lets just let the market decide, cant wait to sell my jihan altcoins.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
If i wanted to split a chain and mine it for myself... i wouldn't announced it in advance. I would simply announce it on the day the split happens and leave it to the other miners to catch up. Obviously i won't get 72 hours worth of blocks for myself. The idea that Bitmain will solo mine for 72 hours is laughable. Miners now can prepare in case a split does happen thus Bitmain has no advantage now.
They won't point antpool to that chain, they will just use private owned hash power and get a smaller amount of blocks but it will be enough to start a new chain.
So this is the reason for the dump. I'm getting sick of this shit to be honest, Jihan needs to burn in the fires of hell. This guy is becoming a real pain in the ass.
No, he should be thanked and honored for having the courage and integrity to do the right thing and to lead the mining community with on chain scaling, to the benefit of everyone.
I think we should commend his actions, this is not something that is done for personal gain, it is for the benefit of all. We should feel grateful to him, but you are too exasperated to say that he should feel honored.
Not only a premine, but also a more than 51% mining share.
If i wanted to split a chain and mine it for myself... i wouldn't announced it in advance. I would simply announce it on the day the split happens and leave it to the other miners to catch up. Obviously i won't get 72 hours worth of blocks for myself. The idea that Bitmain will solo mine for 72 hours is laughable. Miners now can prepare in case a split does happen thus Bitmain has no advantage now.
Jihan can't even show us the code yet: "Currently, there are at least 3 client development teams working on the code of the spec. All of them want to stay quiet and away from the propaganda and troll army of certain companies. They will announce themselves when they feel ready for it. Users will be able to install the software and decide whether to join the UAHF. The softwares are expected to be ready before July 1st, and it will be live on testnet by then."
I wonder if any other miners will look to premine along with him, given that the code will only have, at best, a month of review.
IMO August forkers are defintely offering something better than what Bitmain announced. Yeah, BIP 148 is an aggresive way to signal Segwit, but the point is Segwit gets activated. Bitmain is just fooling around, after Segwit2x, another gig at stalling the progress.
Yep, there are many more people who are willing to just go with SegWit over all the nonsense Bitmain is trying to tack on with this UAHF proposal.
Source? I see the opposite as true.
IMO August forkers are defintely offering something better than what Bitmain announced. Yeah, BIP 148 is an aggresive way to signal Segwit, but the point is Segwit gets activated. Bitmain is just fooling around, after Segwit2x, another gig at stalling the progress.
Yep, there are many more people who are willing to just go with SegWit over all the nonsense Bitmain is trying to tack on with this UAHF proposal.
The likely outcome of this is three chains (unless BIP148 gathers enough support so that it remains the same with status quo):
1) BIP148 Segwit.
2) Status Quo (the one that we are using today).
3) Bitmain coin.
Can you guess which one I'll be dumping?
Only centralized shitcoin will be Cores UASF who has a very minority support.
And how would a UASF chain mined by ACTUAL bitcoin users be centralized?
You're saying Jihan and the many big blockers aren't actual bitcoiners? Sounds like an emotional thing to say. And to answer your question, maybe it won't be centralized, but it definitely won't be bitcoin with minority hash power. Don't fall for the lies. We will soon have a superior bitcoin with large blocks and we may also have a Core/Segwit altcoin. Ignore false narratives that try and flip this.
Good luck with your altcoin goals, you fucking idiot.
Real nice buddy.
Even Theymos has always said that anything that changes consensus rules without overwhelming majority or any client that isn't Bitcoin Core is an altcoin. UASF fails both of these. He is a hypocrite and you will be the one on an altcoin as UASF support is seemingly nonexistent outside of censored echochambers.
While it generally looked like the split was inevitable, even I wasn't expecting quite this level of brinkmanship from both sides, heh. My only suggestion to everyone would be not to let the big personalities set the narrative and tell you how to react. Don't take anything at face value, regardless of who said it, because everyone has their own agenda. Consider all the pros and cons, do your own research and make up your own damn minds. And most important of all, don't do anything rash or hasty without thinking it through. It might all seem like a massive drama, but calm heads usually prevail.
I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.
After thinking about it for not too long (and after cuddling in foetal position for some good 10 minutes realizing how consensus-less fanatics have provocked this abrupt awaken of a beutiful dream) by now I am cashing my BTC immediately.
I can see why it might seem like a good idea, but there if a potential to lose out doing it that way. Hodling in the event of a split means you get coins on both chains. Selling before the split means you have to buy back after the split and choose very carefully which chain you think has the best chance of survival. And if you take too long deciding, the fiat price may well recover to a level above the point that you panic sold.
Yeah, but I do not see how this is not going to sunk the prices of both chains. BTW, it wasn´t that bad, I just happen to be very graphic in my expression
So this is the reason for the dump. I'm getting sick of this shit to be honest, Jihan needs to burn in the fires of hell. This guy is becoming a real pain in the ass.
No, he should be thanked and honored for having the courage and integrity to do the right thing and to lead the mining community with on chain scaling, to the benefit of everyone.
The only ones benefiting from Buggy Unlimited or any other Forkcoin are:
1) Miners (for they will control bitcoin 100%)
2) Enemies of bitcoin (for people not being able to run nodes make the network an easier target)
3) Bitmain shills (for their revenue will get increased)
4) Idiots that don't have 5 bucks to spend on fees to make an onchain transaction and think the tradeoffs are worth it when they could reach the same goal with Litecoin
Only centralized shitcoin will be Cores UASF who has a very minority support.
And how would a UASF chain mined by ACTUAL bitcoin users be centralized?
You're saying Jihan and the many big blockers aren't actual bitcoiners? Sounds like an emotional thing to say. And to answer your question, maybe it won't be centralized, but it definitely won't be bitcoin with minority hash power. Don't fall for the lies. We will soon have a superior bitcoin with large blocks and we may also have a Core/Segwit altcoin. Ignore false narratives that try and flip this.
Good luck with your altcoin goals, you fucking idiot.
There is no such thing as an "economic majority". 95% of Bitcoin users don't care or are uneducated when it comes to the scaling debate. A handful of CEO's saying they support this or they support that, is nothing more than political gerrymandering that literally means nothing, unless they personally own large chunks of hashpower, That is
I can definitely say that you talk too much
You can discard the economic majority as non-existent in the same way as you can throw away the law of gravity. You may think that it doesn't exist and whatnot, but it is what gravity itself thinks which is what finally matters. In other words, your ignoring of the economic majority doesn't make it less effective. More specifically, while 95% of Bitcoin users may in fact be uneducated or even ignorant (just like you) but since their coins are mostly traded, exchanges would act as their proxies and on their behalf. So you may very well consider the major exchanges as the economic majority. And they certainly do care, and you can easily picture what they think about Jihan Wu and his efforts
I am more ignorant than the average "Legendary" here but let me tell you my opinion FWIW. First, I love the whole idea of a good crypto, that's what brought me here to Bitcoinistan...
But, if this whole thing ends badly, I am OUT! I'll wait patiently for an Alt that might be better, less contention and drama. Maybe some more forward thinking too. Include better anonymity, and I would take a good look.
BTC turning into one or more shitcoins will not work for non-tekkies like me...
Bitmain is basically saying do as I say or I leave, and a large part of the community is like, leave already and leave bitcoin alone, if we get segwit activated and get rid of Bitmain at the same time then that would be great.
UASF supporters are basically saying do as we say, and a large part of the community is like, leave already and leave bitcoin alone, if we get big blocks and get rid of Blockstream/Core at the same time then that would be great.
If the chain splits, it will be bad from an image perspective for BTC. Pride destroyed whats supposed to be a brilliant master piece.
I do not know if I would call it that way, Bitmain is basically saying do as I say or I leave, and a large part of the community is like, leave already and leave bitcoin alone, if we get segwit activated and get rid of Bitmain at the same time then that would be great. oh i knew this would happen, what is this new coin that they would mine a fork of the original chian or an enterely new one, or maybe a coin already on the market?
It'll be a new fork of Bitcoin sort of in the vein of how XT/BU/Classic would've worked, but apparently he plans a little extra premine of 5400 "BTC" for himself.
What? That is ludicrous. Who the hell is going to stick with that nonsense? What will be the token for that one? I suggest JHC (JihadCoin). Or just call it ChinaCoin.
It looks like Jihan is losing his mind. Well, idiots and their money eventually part ways. His chance to continue being a good player in the bitcoin system are over. It would be as easy as signal for BIP141 and avoid this mess, but looks like his ego is too big to accept he is wrong. What an idiot.
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