Topic: Bitmain announces plan to create altcoin if BIP148 succeeds - page 8. (Read 16964 times)

Again, a clear example of uneducated statements and pure bullshit. Who is "every one"? People in suits? They do not get to dictate what Bitcoin is, otherwise we do not use a consensus *algorithm* but a proof-by-proxy "algorithm". That put aside, FrankSegwit was rejected because of two reasons:
1) Rushed software and hard fork without adequate testing.
2) Signalling Segwit on bit 4 which breaks all existing compatibility. This was done deliberately as this was no compromise but a political move.
Note: There is still time to fix this proposal, i.e. to use bit 1 (existing deployment) and make it compatible with BIP 148. Then it may get some wider support.

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Here's my small creation.

Actually the rational solution is SegWit2X, it is widely accepted by every one, except the Core. Bitcoin cannot be blocked from one small group of Core developers, it would just prove Bitcoin is centralized to few developers.

After SegWit2X code is finished and fully tested in July and everybody except Core on board, dont worry, the price going up because the Bitcoin stalemate is finally resolved.

One thing that certainly didn't change with time is the economics. 

Bitcoin-as-Settlement network is bollocks.

hypocrisy from the BS cartel..
1A. bitmain veto BS roadmap due by wanting fee's by grabbing expensive transactions
1B. bitmain do 'empty blocks' thus dont get much fees

2A. bitmain veto BS roadmap.. BS cries they should f**k off and make an altcoin.
2B. bitmain announce making an altcoin and everyone cries they will split the network

3A. BS dont want to split the network
3B. BS employee the UASF network splitting promoter samson mow

4A. bitmain have 70% of the network.. bs tells everyone to panic
4B. bitmain have under 17% of the network.. bs tells everyone to not worry

4A. bitmain have 70% of the network panic
4B. bitmain can make an alt they only have small 17%

... i could go on
but all these hypocrit mindsets is just becoming comedy.. all done to take peoples eyes off the ball at where the real power /centralisation is occuring.. the BS cartel

Bscartell is just pointing fingers and saying 'hey look at the 17%.."  ignore the 50% abstain. and ignore 30 bs cartel
BS cartel want to split the network but they prefer someone else to cause it so the BScartel can play the victim card.
Gmaxwell reveaed their plan too early and spoiled the plan the BScartel wanted.

sorry bscartel, you cant play the victim while also becoming the centralised corp of bitcoin
all this obsession with bitmains 17% is becoming too obvious that its just distraction games

-Bla bla bla blockstream evil bla bla bla
-bla bla bla bla 8mb blockz aresocoolbla
-blablablaasicboostsoawesomeblabla rovger ver isrealsatoshiblablabla
-blabla satoshi's vision was 999mb blocks blablabla

Jihan Wu is currently giving a speech in some chinese blockchain event about scaling bitcoin:

https://twitter.com/ViaBTC/status/874822283033845760

I wonder what kind of lies is he propagandizing right now. I guess he is already out there promoting his ChinaCoin hard-fork.

If they wanted segwit, they would activate it already with BIP141.

Why would I not admit that? I have already stated that the ASIC monopoly and mining cartel are much more dangerous than any kind of scaling issues. Just so that we are clear, all these idiots in altcoins parading "we are the best, we will win next" will get crushed. This is the time to be watching and learning from Bitcoin, i.e. how Bitcoin combats and resists malicious actors such as Bitmain.

UASF is a good proposal and may actually get a lot more support now. If it avoids a chain split, price will go up. If it does split the chain and Bitmain goes through with their attack, then we will have 3 chains. What the value of each one will be is uncertain.

so you admit that already we are point that some few people have such power to impact price.
This should be obvious that Bitmain have to much size and siting on asic boost will make things only worse over time.

Bitmain is making bigger downside moves in BTC that China central bank ridding Chinise exchanges
this is sign of problems. People have to woke up.

PS: With UASF price didn't even started falling... With their (B)AHD  started fall fast

You're a straight up idiot the fact that he's willing to start his own fork to get his way is evidence enough.

It seems that you are highly uninformed. The Segwit2x aka FrankenSegwit breaks all existing compatibility with the deployed Segwit. That's why nobody sane wants to even consider that nonsense proposal. Note: They are possibly going to change that (open PR), but it isn't a certainty.

This is the n^th time that Jihan/Ver/BU crash the price.

So no desire to compromise even when they get everything they want NOW and the other side gets a a modest increase to 2Mb in 6 months, what are the reasons given ?

It's funny how obvious Bitmain money is on that list. Bitpay got bribed by Bitmain, which is why Bitpay signed the ridiculous NYC agreement as well. Now it's a matter of time to see if the rest of actors are reasonable or go along with the BitmainCoin hardfork.

Yes, UASF is not ideal, but BitmainCoin hardfork is worse. At this point you might as well give people the opportunity to take control over their private keys, may a soft fork happen in august 1st. It's only safe to take preventive measures. Let people choose if they want Legacy coins or BIP148 coins. It is not a hard fork after all unlike the Bitmain mess.

So, The Merkle just partially attributed today's tumble to Bitmain's announcement. I thought the market's numb to these type of announcements now, or are there many new players (traders) who haven't been exposed to this kind of rhetoric?

So it is ok if others start a fork using UASF or Core developers getting their way.

There is only one way - the whitepaper. Any other ways, people should start their own altcoin instead of changing Bitcoin into something else.

Fact is simple kingidiot - both sides wants their way and both sides won't back down and both sides are going to fork one way or another. Attacking one side and defending the other side for doing the same thing = hypocrite.

So Jihan looking to fork Bitcoin is not enough evidence for you?

If it is not, after all, then what evidence do you need? Or, I'd rather ask, do you really need any evidence in the first place? If we exclude the possibility of Jihan completely losing his mind (which we shouldn't exclude), he is basically giving an ultimatum to the whole Bitcoin community. He didn't say that directly, but it can be easily interpreted and inferred that if he is really going to fork Bitcoin, he will most certainly use his mining empire to fight with the genuine Bitcoin. Do you need evidence for that too? Just wait till he actually puts his money where his mouth is. It is certainly not about just forking Bitcoin if it ever comes to that. Basically, it is a war, but all is fair in love and warfare

Sorry but you are not getting it. If someone is going to post "fact", then i will ask for evidence. As usual no evidence is presented, thus no debate can be had.

that would be great

i hope satoshi nakamoto is working at this moment because someone is destroyinh Hes great artwork.. Miners -.-

There are thousands of miners, working together in pools. So no that isn't a few people.

Beside, what can you or anyone else do about it? Order the miners to break down into smaller pools of no more than 10%?