Interesting times ahead. As always in Bitcoin, take everything with a grain of salt. The more volatile the price is, the more aggressive news campaigns pops up.
Exaggerated news, that after month or two do not seem important at all. Just wait.
Topic: Coindesk: If hardfork with BTU, major exchanges will list it as an Alt Coin - page 4. (Read 3771 times)
March 17, 2017, 03:08:54 PM
March 17, 2017, 02:44:24 PM
I suppose after them seeing their altcoin price drops to $200 and below they will eventually discard that chain and rejoin the main chain but if hard fork happens difficulty will decrease almost by 55% and as a result price will drop 60%+ but now that I'm thinking, what if BU miners upgrade to SW?
Whatever SW miners are going to get then they will get the same thing.
Whatever SW miners are going to get then they will get the same thing.
All miners will just migrate back to BTC pools. Except those poor souls which are bought rigs at hashnest
March 17, 2017, 02:39:18 PM
I suppose after them seeing their altcoin price drops to $200 and below they will eventually discard that chain and rejoin the main chain but if hard fork happens difficulty will decrease almost by 55% and as a result price will drop 60%+ but now that I'm thinking, what if BU miners upgrade to SW?
Whatever SW miners are going to get then they will get the same thing.
Whatever SW miners are going to get then they will get the same thing.
Price is not dependent on hashing power. It's the other way around.
March 17, 2017, 02:36:30 PM
I suppose after them seeing their altcoin price drops to $200 and below they will eventually discard that chain and rejoin the main chain but if hard fork happens difficulty will decrease almost by 55% and as a result price will drop 60%+ but now that I'm thinking, what if BU miners upgrade to SW?
Whatever SW miners are going to get then they will get the same thing.
Whatever SW miners are going to get then they will get the same thing.
March 17, 2017, 02:26:46 PM
Curve is more significant becuase Antpool started to signal BTU nodes. Once 1000 blocks have been found since they went BTU adpotition will stall unless other chinese pools follow.
There's plenty of other avenues left such as Bitmain selling machines to you only on condition that you mine BTU. Rather sad that one little fella has this much influence.
I wonder if it really did reach that point whether they'd have the balls to take the plunge or not. The more hysterical everything gets the more likely it is I suppose.
March 17, 2017, 02:11:13 PM
30+% is very significant. The adoption curve is even more significant.
Curve is more significant becuase Antpool started to signal BTU nodes. Once 1000 blocks have been found since they went BTU adpotition will stall unless other chinese pools follow.
March 17, 2017, 02:01:45 PM
do you see what roger is doing
CIA-AGENT
CIA-AGENT
March 17, 2017, 01:57:25 PM
The way things are it is a really bad case of lose-lose.
Even if there is no split if BU nodes stay at 30+% or even get greater, that will leave massive uncertainty hanging over the network, due to potential problems like the crash-bug exploited a couple of days ago.
Even if there is no split if BU nodes stay at 30+% or even get greater, that will leave massive uncertainty hanging over the network, due to potential problems like the crash-bug exploited a couple of days ago.
Can someone explain what happens with BU blocks that are mined now? Are they inserted into the BTC blockchain as normal?
March 17, 2017, 01:54:16 PM
The way things are it is a really bad case of lose-lose.
Even if there is no split if BU nodes stay at 30+% or even get greater, that will leave massive uncertainty hanging over the network, due to potential problems like the crash-bug exploited a couple of days ago.
Even if there is no split if BU nodes stay at 30+% or even get greater, that will leave massive uncertainty hanging over the network, due to potential problems like the crash-bug exploited a couple of days ago.
March 17, 2017, 01:47:28 PM
I still don't believe that split will happen, just some FUD to shake weak hands and we go up again. There will be no segwit nor BU
The possibility of a split is still looming as there are people supporting different things in the debate of scaling and now some twenty plus exchanges support the core and says that BU will be considered as a alt coin if there is a fork which will undermine their proposal as they would loose millions in that event,the scaling issues is the real cause for the price drop. 
March 17, 2017, 01:45:55 PM
I still don't believe that split will happen, just some FUD to shake weak hands and we go up again. There will be no segwit nor BU
I don't think you really understand what SegWit or BU actually are. BU will result in a split because that's what it's supposed to do - the new version of the network is incompatible with older versions so those running old nodes will still use the old Bitcoin while others will run the BU coin.With SegWit there would not be a split (although there might well be a move from some people to altcoins if they strongly disagree with it), as SegWit is compatible with earlier versions.
March 17, 2017, 01:45:49 PM
I still don't believe that split will happen, just some FUD to shake weak hands and we go up again. There will be no segwit nor BU
I agree there will be no BTU, unless they decide to be smart and launch their own altcoin BTU without trying to hijack the existing BTC hashpower. It's going to end very badly for BU if they try to force a contentious hard fork through. But segwit will activate one way or another, I'm quite sure on that. BU can only block its activation for so long.
March 17, 2017, 01:42:43 PM
But look like what a HF did with ETH price stagnating around 10 EUR for over 1,5 year. If that happens to BTC ( 1,5 stagnating around 500 EUR) that would be really terrible. BTU would be worth around 50 EUR i think. Just like the ETH/ETC. This is going to be a real mess if we dont activate Segwit fast!
I think it would be far, far, worse than an ETH split. For starters ETH is not the foundation of cryptoland so if it had blown up completely there's still plenty of other options. Also their technical setup makes forking a comparative breeze for both chains compared to BTC.
It came out of it rather well eventually, both bunches got what they want and ETH fans seems happy to do what Vitalik recommends, but I don't believe it would be the same for BTC. ETH has been strongly led by a small group from minute one who are still there.
March 17, 2017, 01:39:33 PM
But look like what a HF did with ETH price stagnating around 10 EUR for over 1,5 year. If that happens to BTC ( 1,5 stagnating around 500 EUR) that would be really terrible. BTU would be worth around 50 EUR i think. Just like the ETH/ETC. This is going to be a real mess if we dont activate Segwit fast!
March 17, 2017, 01:29:16 PM
So BTC fork is confirmed?
Far from it. But what happens next in the event it does certainly is confirmed by that lot at least.
I don't think it does much to address the problems a fork would create though. Vast amounts of confusion would reign as both sides threw everything possible into convincing people that their chain is the most legit.
BTU would start off with a fair few people absolutely messianic in their belief that that was Bitcoin, not the other one.
And am I imagining it or was the statement changed? I'm sure I read originally that eventually the winning chain would become Bitcoin.
March 17, 2017, 01:27:39 PM
It looks like it has been implemented already.
Have you seen the price? It's at $1129.98 right now.
Have you seen the price? It's at $1129.98 right now.
March 17, 2017, 01:19:19 PM
So BTC fork is confirmed?
March 17, 2017, 01:18:51 PM
30+% is very significant. The adoption curve is even more significant.
March 17, 2017, 01:11:45 PM
The problem with BU is that sooner or later, its blockchain will become very large and subject to spam. Regular people will not be able to host it and it will become centralized, just like mining did. Therefore BU will be an altcoin anyway.
March 17, 2017, 01:09:57 PM
BTU
GAME OVER!
Its time for these numbnuts to quietly go away, no one wants their buggy alt coin. I doubt you hear much from the BTU paid shill sock-pockets over this, what can they say? Hopefully this news will cause the price to increase since speculators should have less to worry about.
GAME OVER!
Its time for these numbnuts to quietly go away, no one wants their buggy alt coin. I doubt you hear much from the BTU paid shill sock-pockets over this, what can they say? Hopefully this news will cause the price to increase since speculators should have less to worry about.
Jump to: