Topic: BU Jihan wu : you don't matter at all (Read 2132 times)

I'm not a BU loyalist.  I'll support any implementation that allows big blocks and on chain scaling.

and no, segwit isn't meaningful onchain scaling in my view.

The economic majority wins. Those who are buying LTC now are doing so because they want SegWit to be activated. Jihan Wu of Bitmain who is blocking SegWit on both LTC and BTC, created the new more efficient Scrypt miners, so I didn't realize this before. They could monopolize these in theory. So this fight might not be as easy as I thought. But the economic majority should win, unless it lacks resolve and/or patience. Already people are arbitraging and finding ways to rent hashrate in order to earn money and support SegWit. If you think the price is going up, you try to lock in a rental price that doesn't increase as the price rises, so you can profit. Others may be buying A4s if they want to maximize profits and believe the price will remain high (and going higher).

Jihan Wu needs to get his ass kicked economically so both Bitcoin and Litecoin can move forward.

It is most likely that BU is a diversionary lie. These miners simply want to gouge high fees on Bitcoin and block any alternatives. They were never going to fork with BU. It was a lie to prevent everyone from joining together to kick Jihan's ass.

If my health will improve or stabilize, my plan is to launch a Bitcoin Killer which doesn't require PoW (the design is already completed). I want to bankrupt all these miners. Their vested interests are a pain in the ass. We need to kick all their arses out into the street and turn their ASICs into door stops. I am talking long-term plan.

Those who are buying ASICs now, my plans are a year or more away from reaching any relevancy or size, so fear not. Buy A4s and profit.

Both you guys are obstructionist wolves in sheepskin. You pretend you want to make progress but you are intentionally stalling. Any one with a brain stem can see right through your deceit.

ProHashing is not signaling SegWit thus they are an obstructionist. Their words are meaningless. In a meritocracy only actions count.

"Talk is cheap, show me the code", wrote Linus Torvalds

Also it is quite clear that BU never intended to fork Bitcoin with that Buggy Unlimited piece-of-shit, because they know damn well the economics of Bitcoin are that the whales can and will destroy any miners who attempt to fork Bitcoin. I explained this in great detail on BCT.

BU is a lie and diversionary tactic in order to fool everyone. The real goal of Jihan Wu is to gouge maximize transaction fees from Bitcoin and block any alternatives for scaling. These obstructionists are block progress on both Bitcoin and Litecoin, because Bitcoin depends on Litecoin to add off chain scaling, because the whales of Bitcoin will never allow SegWit on Bitcon. Period. ProHashing by their actions is complicit. Words are meaningless.

Look at your conflicting statements:




Stalling. Deceit. An obstructionist wolf in sheepskin.


Miners should leave such an incompetent company.

Whining in a forum about not being able to do your accounting at the same time you do your technical work.

Of course it is quite clear you are just lying and deceitful.

Jihad obviously controls way more than 15%.

Jihad has several different pools under his name/control.

All ASIC equipment is Bitmain controlled and im sure there are some secret deals if they signal to whatever meet's Jihad's agenda.

Get real, this is a monopoly by Bitmain.

How do you figure when his pool is 15% of the hash power?

The bitcoin model is broken when a single guy can block progress such as segwit + lightning networks (confidential transactions, schnorr sigs, sidechains... the endless list of good stuff).

I think people is going to be forced to resort to UASF to get rid of Jihan's insane blockage.

Your satire isn't going to discredit the reasonable arguments that people make against Jihan Wu.  He runs a huge mining monopoly in a supposedly decentralised network and your defense of him isn't going to rub off well on BU.

Definitely truth.  I get paid 1 bitcoin for each 10 posts.  this is too easy.

Definitely truth.  I get paid 1 bitcoin for each 10 posts.  this is too easy.

Hiding the truth as humour...    I dunno why people would even consider shilling for BU.  but I would not put it pass them to do that...

desperate situations require desperate measures... right? You gotta give it to them, they shilled the shit out of this and they succeeded to stall

SegWit and LN for a while. 

There are multiple implied messages in this April fool's prank.

1. That Bitcoin is a signaling mess, but Litecoin isn't.
2. That signaling on Bitcoin is a fool's errand, because Bitcoin will never fork because in finance the tail never wags the dog meaning that Satoshi cleverly designed the game theory such that Bitcoin can't fork.
3. That smart money should profit the most on this wisdom, so our ecosystem isn't in the control of fools. SegWit on Litecoin is now at 58% and climbing roughly 1% per hour. Activation at 75%.

Who ever mines BU will lose all the money they spent on mining it. So that 50% threshold means nothing. Any fork of Bitcoin will be attacked ruthlessly by those who have enough resources to destroy any miners foolish enough to try.

The large miners/pools know this. The April's fool joke is on anyone who believes that signaling means anything on Bitcoin. It doesn't.

Jihan Wu is awesome!  You know how much bitcoins he sends me for posting?
It makes your sig campaigns look like a pack of peanuts

hope the BU will die before it start
tired to hear about it everyday

Jihan Wu is awesome!  You know how much bitcoins he sends me for posting?
It makes your sig campaigns look like a pack of peanuts

Hashpower = voting rights

If you don't mine, you don't matter except as a weathervane for miners to observe in their goal to maximise the Bitcoin price.

It's not really complicated guys

If we don't get back to home mining, bitcoin will be a toy in the hands of douchebags like Wutang and VogelRer.

Jihan Wu is awesome!  You know how much bitcoins he sends me for posting?
It makes your sig campaigns look like a pack of peanuts

This is what can happen when nerds get money and power