Topic: Forks are highly important - page 2. (Read 2128 times)

It's obvious BU is being promoted by big pockets which have only one intention: Attack bitcoin by divide and conquer and cause havoc, which is its only weakness as we can see, and it is easy to make it look cool for the average joe if you promise big onchain transaction volume, cheaper fees and faster transactions without side effects.

I think Roger Ver legitimately wants the best for bitcoin and is falling into the trap, he is what we could call "the useful idiot" used to promote the trojan horse. Since he is immature and butthurt at theymos and Core devs, he thinks he is destroying them in the process too, when the only guaranteed outcome is Roger will end up with worthless tokens.

He might be, I don't think so but I have no evidence either way. Claiming that he is or isn't doesn't bear any fruit without actual evidence.

However it doesn't really matter, bigger blocks are something we knew we needed a long time ago. BU isn't when this debate started.

The difference is, ETC didn't die, it is still a top coin in poloniex. The result was split wealth. Imagine where ETH would be if ETC event didn't happen.

I guess sometimes hard forks are inevitable tho, we will see what happens. But over a long enough timeline, infinite forks can potentially happen, perpetually making the value lower.


Im pretty sure Jihan Wu is state sponsored to cause this shitstorm. Otherwise how can someone with so much vested in bitcoin be this stupid? Roger Ver? no doubt he is an idiot, but Jihan Wu as well? Maybe that is the case, who knows. What is clear is, Jihan Wu benefits from BU since it would make him even stronger under the BU model which is insane.

Yeah, but the real Ethereum is over $2.5 Billion.  Before the fork - it was only $1 Billion.  So, a very short time after a contentious fork - BIG VALUE!!!

what you said would be true if etheruem classic is dead, but this isn't true, ethereum classic is there running, they effectively created two coins now each one with its marketcap, and ETC is stealing an amount of money from the marketcap of eth, this might happen to bitcoin, although it would be more devastating, i don't like it

Last month, Bitcoin Unlimited briefly passed 25 percent of total blocks mined, indicating that a hard fork to increase the block size might be on the horizon.
So maybe one day SegWit prediction of Hardfork for bitcoin may become true. You never know.

I don't know that I'm a "SegWit guy", but I prefer that over BU any day.

I've been waiting for a fork since at least May 31, 2015. https://bitcointalksearch.org/topic/you-have-a-choice-if-you-control-pre-fork-bitcoins-1076412

Well, metropolis is a major eth update / hardfork and will come in june, that alone will spike the price 20-30% more. And for now Enterprise eth alliance is what's pushing the price up. On bitcoin side there's a risk of civil war that may push some investors on the sidelines or in other projects with strong fundamentals and potential.

I recommend compromise.  Second best would be to just walk away from each other.

Is the ETH run up over or is there more to come?  I may pull out of Bitcoin altogether.

It looks like we have consensus created during the phoney/cold war:

Segwit supporters think BU supporters are DimBUts.
BU supporters thing segwit supporters are Dimwits.

The consensus being we are all dim.

He is confused.  He is talking about SegWit. 

What messy sh*t did they introduce that people hate?

BU has gone about in an incredibly stupid way that shows how goddamn brainless they are.

all they had to do was take the core code, tweak one line of block limit and run with that.

they would prove that larger blocks weren't the end of the world. maybe everyone would agree and then we'd finally progress.

instead they've introduced a bunch of untested messy shit that most people hate. people who previously might have approved of a clean increase won't get behind this.

they're throwing away an opportunity that might have drained this swamp once and for all. instead they're gonna make it all way worse.

I agree with you, but bitcoin has a problem to fork: there can only be one "first mover".  Bitcoin is afraid to be an alt coin like the rest of crypto, because technologically, bitcoin is the oldest and the most primitive crypto currency.  Most alt coins are technologically much better developed.  So, what bitcoin has going for it, is its first mover status, its "innocence from the start" status, and hence, the biggest network, the most secured chain and other "branding" aspects, which don't really matter in the *use* of the coin, but are hugely important in the *image* of the coin.

With a fork with two prongs, that is over.  The only fork that could honestly claim to be "the real bitcoin", would be the coin that is NOT modifying the protocol.  But this means that those, most keen on forking, will have to settle losing the "first mover" brand name, which will send a shiver along their spines: no advantage, brought by a fork, is so important, that losing the brand name can be compensated, as long as this brand name is important.

Which is why I think that bitcoin really forking is not going to happen as long as bitcoins brand name isn't eroded away.

I think it looks good at least kill one of them may also be a way fork loud but if this does not work maybe we can find other ways nothing better than this hard fork

Hard fork is like a revolution. It's good if it's the bringer of a new (and better?) world.
If it does a significant improvement it's good. There are 2 keyword here: significant and improvement.
Hard forks should be however rare, because if they are too many they become a sign that the coin is not mature yet.

Hard fork can make the price drop. Some are scared of that.
Hard for can split communities and both may lose of it.
Somehow the politics around Bitcoin always made us believe that hard fork is bad for Bitcoin, they will hurt at least the public image of Bitcoin. I am not sure of the actual reasons behind the scenes.
Imho Bitcoin could use hard forks now and then. Major change, new major version, name it: hard fork. One this year, ope in 2 years from now, then 4 years, 8, 16, .. you know the opposite of halving

Now BU and SegWit. This is not only a significant improvement, it's an ideological split. I don't like it. I didn't like it with ETH either, and I never had ETH, so I am not involved.
The biggest power of Bitcoin is the impressive hash rate behind it. You want that diminished. Why?

From my understanding BU can split away at any time. Not even 51% needed. Just mine > 1MB block, accept it, and bang! The block is accepted by one chain and not by the other. There's the risk that a few times the BU network could resync with main chain (and miners will lose the fee), but at some point the split will happen. You want that, mine on BU pools, support it and increase its hash rate, giving it more chance to happen.

SegWit 95% approach is... too soft.

Maybe somebody will end this war. Somebody proposed 2MB + SegWit, to somehow make everybody happier. I still believe that such smart people can do it good.

TL;DR: Hard fork = good. Community split = bad. My 2 satoshi.

All you SegWit guys think the impending fork is a bullshit topic.  You guys understand you are going to lose this fight.  Censorship hasn't really worked so well in this forum.  It actually pisses people off when you try to stuff rags down their throat.

Ethereum didn't settle with a fork in this way. They decided to fork and leave the old chain behind, instead, the other fork was used to make a lot of profits by having exchanges credit the coins to the users and creating a market place for them.

If the exchanges weren't so greedy at that point, ETC would've never lived. Nobody cared about it, just the profits.

The same will happen with bitcoin. Nobody will care which fork wins, they only care that the total of the two coins is worth more than the originial bitcoin.

I wonder how much more does it take before you are banned because of constant trolling and continuous creation of bullshit topics in this forum!
so far forum admins/mods have been so generous to you!!!