Coindesk: If hardfork with BTU, major exchanges will list it as an Alt Coin

york780

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Quote from: FiendCoin on April 16, 2017, 09:06:40 PM

Quote from: Nagadota on April 16, 2017, 03:54:46 PM

Quote from: FiendCoin on April 14, 2017, 08:21:11 PM

Quote from: South Park on April 13, 2017, 12:10:34 PM

Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

I doubt there will be any kind of fork any time soon if ever.

It's still reason to question what would happen if a hard fork actually occurred. And at the time that they made the statement, the hard fork was appearing more imminent than it is now that I've concluded a consensus will never be reached.

I see only 2 likely outcomes moving forward.

1. Contentious hardfork with multiple chains/coins (2-3).

2. Desperation consensus due to rapidly declining value.

True. Lets fork already and destroy the price to let it grow afterwards. Thats better than doing nothing and letting altcoins getting btc's marketcap. I am sure that the price will recover after a hardfork. I just want bitcoin to move otherwise it could be too late.

FiendCoin

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The devil is in the detail.

Quote from: Nagadota on April 16, 2017, 03:54:46 PM

Quote from: FiendCoin on April 14, 2017, 08:21:11 PM

Quote from: South Park on April 13, 2017, 12:10:34 PM

Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

I doubt there will be any kind of fork any time soon if ever.

It's still reason to question what would happen if a hard fork actually occurred. And at the time that they made the statement, the hard fork was appearing more imminent than it is now that I've concluded a consensus will never be reached.

I see only 2 likely outcomes moving forward.

1. Contentious hardfork with multiple chains/coins (2-3).

2. Desperation consensus due to rapidly declining value.

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Quote from: FiendCoin on April 14, 2017, 08:21:11 PM

Quote from: South Park on April 13, 2017, 12:10:34 PM

Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

I doubt there will be any kind of fork any time soon if ever.

It's still reason to question what would happen if a hard fork actually occurred. And at the time that they made the statement, the hard fork was appearing more imminent than it is now that I've concluded a consensus will never be reached.

FiendCoin

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The devil is in the detail.

Quote from: South Park on April 13, 2017, 12:10:34 PM

Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

I doubt there will be any kind of fork any time soon if ever.

South Park

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Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

You can bet they are going to fight over the name, since they will argue they are the real bitcoin if they get enough hash power to attempt a hard fork, that will not be true of course, but they are going to still argue for it because the one that keeps the name will probably win a little popularity.

lottery248

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i would as well believe that BTU will be considered as an altcoin, unless there are at least half of the users use the BTU instead of core or anything else.

Quote from: ?? on ??

Quote from: shinratensei_ on April 09, 2017, 10:02:03 PM

Quote from: ?? on ??

That's true for majority bitcoiner, but if BU community really solid, then BU will stay alive and i think majority bitcoiner will dump their BU for extra BTC, fiat or other cryptocurrency.

Did you see what is the proof if the BU community is a solid community? If they're a solid community and they were not spreading a lie to gain more new supporter for the BU itself.

That's exactly why i use word IF Roll Eyes

Quote from: shinratensei_ on April 09, 2017, 10:02:03 PM

Quote from: ?? on ??

In short, it's win-win solution since everyone could earn extra BTC or BU unless the price dropped Roll Eyes

Doing a hardfork for the bitcoin chain just for a worthless coin like BTU? With the buggy code by the BU dev and Do you think if that is a good solution? according to your win-win solution.
Rather than BU and Extension block is much better.

In my opinion, let them hard fork, so BU will die faster (or become minority chain) and the community/miners will activate UASF which can solve current bitcoin problem.
Also, if BU managed to stay alive, we can sell BU coins for extra money and i think it's win-win solution for me.

as long as the core is not being affected.

Vaskiy

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Quote from: Roccker on April 11, 2017, 12:41:38 PM

When the splitting was going on as a serious issue most of the exchanges planned of listing both as separate coin providing them the same value, but it hasn't come to implementation as from the bug crash BU started to fall and lost all the majority support gained in a few days.

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NoviceCrypto

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I have a question ,
If Core is not able to get 95% for SegWit what Core will do in that case ?
95% support for SegWit will only possible if Unlimited forked from Core and become an altcoin.
So what If BU team do not fork and keep things as it is no matter how much hash power they have ( 43.95% as of now based on coin.dance/blocks)?

shinratensei_

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Quote from: ?? on ??

That's true for majority bitcoiner, but if BU community really solid, then BU will stay alive and i think majority bitcoiner will dump their BU for extra BTC, fiat or other cryptocurrency.

Did you see what is the proof if the BU community is a solid community? If they're a solid community and they were not spreading a lie to gain more new supporter for the BU itself.

Quote from: ?? on ??

In short, it's win-win solution since everyone could earn extra BTC or BU unless the price dropped Roll Eyes

Doing a hardfork for the bitcoin chain just for a worthless coin like BTU? With the buggy code by the BU dev and Do you think if that is a good solution? according to your win-win solution.
Rather than BU and Extension block is much better.

magneto

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Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

Not really surprising at all.

Bitcoin core will remain as "BTC" as most exchanges are saying right now, and in my opinion rightfully so because it is developed by the core team. And Bitcoin Unlimited will be traded as an altcoin.

I think this will be great news for traders and speculators.

You can already buy BTU and BCC tokens on Bitfinex, on margin as well I believe. So for those who want to take a gamble and missed out on the ETF decision, here's the chance to do it again Wink

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Quote from: taxmanmt5 on April 09, 2017, 09:45:41 AM

Quote from: Mr.Pro on April 09, 2017, 06:35:13 AM

Quote from: quake313 on April 09, 2017, 02:23:04 AM

At this point in time, I cannot see BU being activated or SegWit for that matter.

I think BU would mostly happen cos its like an altcoin, you just fork it. Just like ETC

BU will be no help to Bitcoin. You see what happen to ETH hardfork and now no one cares about ETC, as only the ETH rules. Same way BU will be treated and BTC cant be replaced, not by the BU even.

Still there is money to made even with clones. When there is moeny there will be s support.

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Quote from: Mr.Pro on April 09, 2017, 06:35:13 AM

Quote from: quake313 on April 09, 2017, 02:23:04 AM

At this point in time, I cannot see BU being activated or SegWit for that matter.

I think BU would mostly happen cos its like an altcoin, you just fork it. Just like ETC

BU will be no help to Bitcoin. You see what happen to ETH hardfork and now no one cares about ETC, as only the ETH rules. Same way BU will be treated and BTC cant be replaced, not by the BU even.

Mr.Pro

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Quote from: quake313 on April 09, 2017, 02:23:04 AM

At this point in time, I cannot see BU being activated or SegWit for that matter.

I think BU would mostly happen cos its like an altcoin, you just fork it. Just like ETC

quake313

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At this point in time, I cannot see BU being activated or SegWit for that matter.

york780

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Quote from: ArdiPrabowo on April 08, 2017, 11:55:24 AM

Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

i agree youre statement, if bitcoin unlimited release i hope only altcoin not bitcoin
same with Ethreum open ETH and ETC

BU will be good to increase the homeless population. :-D

ArdiPrabowo

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Quote from: FiendCoin on March 17, 2017, 11:57:08 AM

As per Coindesk: In the event of a hardfork with BTU, major exchanges will list BTU as BTU or XBT.

Source: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

Let me repeat this, BTU will be an ALT COIN NOT BITCOIN!

Expect prices to drop.

i agree youre statement, if bitcoin unlimited release i hope only altcoin not bitcoin
same with Ethreum open ETH and ETC

shinratensei_

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Quote from: Miz4r on April 07, 2017, 08:55:06 PM

Quote from: aardvark15 on April 07, 2017, 08:29:47 PM

My understanding is that if there is a hard fork, both coins will exist but over time one will most likely drop to zero. So if BTC were the loser, then BTU couldn't really be called an altcoin at that point, correct?

I don't think one will drop to zero, it is likely both will continue to exist like ETH and ETC both still do. If BTU somehow becomes the higher valued coin and manages not to crash due to a bug then I'd personally still see it as an altcoin, just an altcoin that managed to pass Bitcoin in value. It is also possible both BTC and BTU will become worth less than some other altcoin like Ethereum, which is not an unlikely outcome at all in my opinion.

I'd like to call it a forked coin by the original bitcoin the same as ethereum case.

Because the name of BTU will be pegged on the name of bitcoin reputation. As far as I know the Forked will make the price of the original coin will be less in the future. I don't ever think the price of bitcoin will less than both of the ethereum and ethereum classic. Bitcoin still has a different class with them.

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Quote from: FiendCoin on April 07, 2017, 10:25:13 PM

Quote from: Miz4r on April 07, 2017, 08:55:06 PM

Quote from: aardvark15 on April 07, 2017, 08:29:47 PM

My understanding is that if there is a hard fork, both coins will exist but over time one will most likely drop to zero. So if BTC were the loser, then BTU couldn't really be called an altcoin at that point, correct?

I don't think one will drop to zero, it is likely both will continue to exist like ETH and ETC both still do. If BTU somehow becomes the higher valued coin and manages not to crash due to a bug then I'd personally still see it as an altcoin, just an altcoin that managed to pass Bitcoin in value. It is also possible both BTC and BTU will become worth less than some other altcoin like Ethereum, which is not an unlikely outcome at all in my opinion.

I think the current BTU is dead, although it may be reincarnated in a new form.

I agree, but I think Bitcoin also adapts and becomes stronger with each new form of attack like this. We're lucky BU devs lacked the technical skills, or else we'd really might have gone through a persistent coin split. Some might have wanted this, but I think then Bitcoin would have been in real danger of losing its advantage to certain altcoins. Obviously people who are heavily invested in altcoins will want the Bitcoin community to stay divided or split in two, so we'll always be under constant attack from that.

FiendCoin

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The devil is in the detail.

Quote from: Miz4r on April 07, 2017, 08:55:06 PM

Quote from: aardvark15 on April 07, 2017, 08:29:47 PM

My understanding is that if there is a hard fork, both coins will exist but over time one will most likely drop to zero. So if BTC were the loser, then BTU couldn't really be called an altcoin at that point, correct?

I don't think one will drop to zero, it is likely both will continue to exist like ETH and ETC both still do. If BTU somehow becomes the higher valued coin and manages not to crash due to a bug then I'd personally still see it as an altcoin, just an altcoin that managed to pass Bitcoin in value. It is also possible both BTC and BTU will become worth less than some other altcoin like Ethereum, which is not an unlikely outcome at all in my opinion.

I think the current BTU is dead, although it may be reincarnated in a new form.

Topic: Coindesk: If hardfork with BTU, major exchanges will list it as an Alt Coin (Read 3771 times)