Topic: BU support down below 35% - page 2. (Read 1723 times)
As much as I'd like for this to be true, I'm afraid your celebrating is premature. The same pools are voting for BU that were previously in the last 24 hours; it's just that those particular pools have had an unlucky 24 hour streak. This is just normal variance and within 72 hours no doubt the percentage will return to what it was before.
BU just as segwit will always keep sufficient minority share to oppose changes. That's how bitcoin was designed. BU was never going to happen, the reason for BU to exist is to oppose Segwit ; the reason of segwit to exist is to oppose BU. This is just part of the antagonism that keeps bitcoin immutable.
Bitcoin will be a decentralized system, based upon 3 non-colluding oligarchies: the miners, the devs, and the whales.
The normal bitcoin user is the greater fool that finances these three antagonists, that will never be able to come to any other agreement (consensus) than grossly the original protocol that is running now. So no bigger blocks, no segwit, no change in PoW, nothing ; simply because any of these changes would put so much gain in the hands of some, and inflict so much losses on the heads of others, that they will resort to "politics" to stop the change.
The day that the devs are the biggest whales and are the miners, bitcoin will be the centralized bank it will, eventually, become.
At what power level, I don't know.
Bitcoin's immutability is similar to the reason why we didn't get a nuclear war in the second part of the 20th century: the MAD doctrine.
You're wrong, nothing stays the same forever, change will come whether you or I or anyone wants it or not.
BU just as segwit will always keep sufficient minority share to oppose changes. That's how bitcoin was designed. BU was never going to happen, the reason for BU to exist is to oppose Segwit ; the reason of segwit to exist is to oppose BU. This is just part of the antagonism that keeps bitcoin immutable.
Bitcoin will be a decentralized system, based upon 3 non-colluding oligarchies: the miners, the devs, and the whales.
The normal bitcoin user is the greater fool that finances these three antagonists, that will never be able to come to any other agreement (consensus) than grossly the original protocol that is running now. So no bigger blocks, no segwit, no change in PoW, nothing ; simply because any of these changes would put so much gain in the hands of some, and inflict so much losses on the heads of others, that they will resort to "politics" to stop the change.
The day that the devs are the biggest whales and are the miners, bitcoin will be the centralized bank it will, eventually, become.
At what power level, I don't know.
Bitcoin's immutability is similar to the reason why we didn't get a nuclear war in the second part of the 20th century: the MAD doctrine.
When BU was in news, i already predicted that it will fail eventually. Bitcoin users dont want to need a separate block chain and two different currencies to deal with.
I will continue decreasing! Nobody wants that mess.
And imo this was from the beginning a big bluff. And now where we got the asicboost revelation we mostly knew why Bitmain was supporting BU.
SegWit will come!
And imo this was from the beginning a big bluff. And now where we got the asicboost revelation we mostly knew why Bitmain was supporting BU.
SegWit will come!
i believe new proposal like extention blocks did something about changing their mind for the pool operators, and since there is no better proposal they are forced to choose segwit for now
after all i think that the signaling from antpool was just a test to see if other pool were to follow, i don't believe "he" was really going to support it at all
after all i think that the signaling from antpool was just a test to see if other pool were to follow, i don't believe "he" was really going to support it at all
So BU is on 34.7% and SegWit on 30% in this moment,but this it's not over yet in my opinion.Instead they together made something good for Bitcoin they behave like little children.I say let them just play,they did some damage fearing people with hard fork but as we can see BTC price is pretty stable and very close to 1200$.
Hopefully a good solution will come regarding block size increase and some other countries may follow example of Japan which is recognized Bitcoin as currency
Hopefully a good solution will come regarding block size increase and some other countries may follow example of Japan which is recognized Bitcoin as currency
Hopefully not just one country could do that.
Let us see if there will be changes in blocksize once BU is kicked out.
Good thing the price didnt drop when we know there have been those people who have withdrew just for BU.
But still their offer is really good with a larger blocksize, this should be equaled by something to grow bitcoin investors
I think is is anticipated to happen since the Bitcoin hard fork failed.
It's only failed in the sense that it hasn't gathered enough support to occur. It will never objectively fail, just as Classic is still dragging itself along the floor.It's only a small drop and doesn't properly show that BU has lowered yet. It might be that it's just significant block variance, or it might show a slight decrease in small miners' support due to the potential for SegWit in Litecoin, but either way it won't topple Bitmain or any major pools so it needs time.
EDIT: Time has passed. It's definitely significant, but SegWit still hasn't overtaken BU yet. I blame F2Pool.
So BU is on 34.7% and SegWit on 30% in this moment,but this it's not over yet in my opinion.Instead they together made something good for Bitcoin they behave like little children.I say let them just play,they did some damage fearing people with hard fork but as we can see BTC price is pretty stable and very close to 1200$.
Hopefully a good solution will come regarding block size increase and some other countries may follow example of Japan which is recognized Bitcoin as currency
Hopefully a good solution will come regarding block size increase and some other countries may follow example of Japan which is recognized Bitcoin as currency
I am glad that Bitmain's takeover attempt of Bitcoin is failing. I would love to see many users leave their cloud mining operations as well.
The fact that the hard fork scenario is increasingly less possible is already showing in the price. We are hitting $1200 and we may go ATH during the next months if we finally get segwit with UASF and get rid of Jihan's cheating with the anti covert ASICBOOST BIP. Time to kick ass and chew bubblegum, and we are all out of gum.
I think is is anticipated to happen since the Bitcoin hard fork failed. Also it is majority in the community that are opposed to the BTU hard fork that is why support in BTU is waning.
Could be the usual block variance. As of right now it continues being a tie. Bitcoin will remain as it is, no one gets to change it for bad or for worse.
BUcoin was never alive because it's a flawed concept anyway.
BUcoin was never alive because it's a flawed concept anyway.
This is the inevitable result of this war, and we all anticipated it ever since the bitcoin was branched out, many experts and leaders claim to be, and they are certain that HF does not. It should happen, both segwit and BU are dead. Bitcoin is strong enough to continue to grow. Rejoice that we have made the right choice.
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