Hard Fork speculation thread | Bitcointalksearch.org

mikenz

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I don't think it is all about miners. Developers have also something to say and who will get the name BTC (and this will be central in this battle) will be decided by the exchanges.

they already deccided to stay with Core.

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I expect the price to go %50 below of what it is now.(double the bitcoin number, same USD available = bitcoin loses half of its value in USD. simple math.)

And that is only the purely mathematical side. You also have to factor in speculation, uncertainty, fud. People who dont know anything technical about bitcoin have to learn that there are now two suddenly. It will also have a major price impact. It will promote distrust in bitcoin. Markets hate uncertainty.

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we could use a decentralized super computer like Golem as a central authority to validate large blocks

a central solution. awesome Shocked

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My speculation is that the worst thing for bitcoin right now is deadlock on the scaling debate. Anything that moves us closer to a resolution, even if it means HF, will be perceived by the market as bullish.

in the long run definitely. But short and mid term the price devaluation would be significant. The ETH guys had to wait for what, 8 months now for the price to reach the former levels again. With a low of less than 30 % of the price before the HF.

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"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Polo too. I currently estimate a winning Bitcoin Core as more likely. However if BU would achieve to keep the major part of the hash power for a long time (say months) then sooner or later they would be regarded as the winning chain and market participants had no other choice than to recognize them as the true Bitcoin, also the exchanges. I dont think its likely right now, but its within the realm of possibilities.

Marma Kalari

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kittiefight.io Combat MMO Lending Jackpots

Quote from: Wind_FURY on March 17, 2017, 09:37:38 PM

Or read this http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
Why not follow Roger Ver and the other big blockers and hold everything in the new up and coming altcoin called BTU. It has a better scaling solution than BTC. Haha! Cheesy

I believe many supporters of BTU will change course and go back supporting Core again, now that the exchanges declared BTU will be the altcoin.

It is a hard battle now as bitmain has to make a decision now on what their future is as it will be a great blow to their plans if BU is considered as an altcoin and if they loose control over the market it wont be that good for their plans,only time will tell and i am waiting to see how the next step will be ,because when antpool announced that they are going with BU they found the fatal bug in BU and now major exchanges are with the core and it is like a soap opera now. Cheesy

Wind_FURY

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

Why not follow Roger Ver and the other big blockers and hold everything in the new up and coming altcoin called BTU. It has a better scaling solution than BTC. Haha! Cheesy

I believe many supporters of BTU will change course and go back supporting Core again, now that the exchanges declared BTU will be the altcoin.

Slark

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Quote from: infofront on March 17, 2017, 08:52:10 AM

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

2. Highly arguable argument. There are some well known facts which can discredit monero developers very easily.
7. Monero developers used to copy&paste code from various repositories like Bytecoin & Boolberry without giving credits.
9. How this is a positive? This will be the reason which will ostracize monero in the long run and top its growth and adoption.
10. I disagree. Price is rather inflated IMO.

gentlemand

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Welt Am Draht

Quote from: zby on March 16, 2017, 04:55:15 AM

I should also add a question - what would be a good hedge for the fork. I am inclined to think that LTC should be one - all other alts has already had their rallies, LTC has been long in a bear mode, it is not the most innovative. But exactly because of the lack of innovation it is the closest alternative for BTC - so it should be a good hedge for forks in BTC.

USD, gbp or whatever takes your fancy that isn't crypto. You'd be batty to think that Bitcoin pissing all over itself wouldn't have an effect on everything else too. If there is a contentious hard fork, and I don't believe there will be, I'd leave and not come back.

VanDeinsberg12

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Quote from: infofront on March 17, 2017, 08:52:10 AM

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

I think so, the drama if the bitcoin unlimited vs Core dev was hurting the bitcoin. Especially with a rumour about the upcoming hardfork and i think XMR is the best rather than bitcoin in all of the aspects.
But the popularity still hold by the bitocin itself. all of your list are true.

york780

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Monero undervaluated LOL, nah it almost on his ATH

.I try to buy creditbit but it is a new coin and hard to buy lol.

infofront

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Shitcoin Minimalist

I spent a lot of time looking at alts, and eventually chose XMR. Even if bitcoin does not hard fork, which is most likely, XMR has decent change of succeeding. It's the unique combination of qualities, many of which follow up on the original promises of the bitcoin project:

1. Fungible
2. Decentralized
3. Great Dev Team
4. Trailing Emissions
5. Adaptive Block Sizes
6. Not Instamined/Scammed
7. Unique Code Base
8. Everything is 100% Community Funded
9. Already in Use by Darknet Markets
10. Currently Undervalued (IMO)

york780

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I already bought ETH at 10 EUR. But i sold it all at the same price because months of stagnating. But i think Creditbit can be really big, it is the fastest crypto and still very small and not pumped

zby

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Quote from: york780 on March 17, 2017, 07:32:42 AM

This was the worst trading month for me ever. Lost 2k this month because of dumps. Anyway altcoins are also to much pumpd like dash and Eth. Litecoin has almost the same movement like BTC so litecoin will decrease when Bitcoin decreases. So dont buy Ltc. I think Creditbit is a good alternative while Bitcoin will continue to tumbling down. Believe me we wont go up untill scaling problem is solved.

LTC is the closest alternative to BTC - that's why it often moves together. But this time LTC is not in danger of a fork and has SegWit much closer than BTC - so it should not be dragged down. At the same time being the most closest substitute should make it attractive as a hedge. Potentially if there is a real BTC meltdown - then for merchants it would be the easiest to switch to LTC.

The other alts are already pumped up - so look dangerous, but ETH is tempting, it is not really an alternative - it is a new thing.

york780

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This was the worst trading month for me ever. Lost 2k this month because of dumps. Anyway altcoins are also to much pumpd like dash and Eth. Litecoin has almost the same movement like BTC so litecoin will decrease when Bitcoin decreases. So dont buy Ltc. I think Creditbit is a good alternative while Bitcoin will continue to tumbling down. Believe me we wont go up untill scaling problem is solved.

zby

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Quote from: york780 on March 17, 2017, 07:18:00 AM

Man i wait till all this hardfork BU storm is passed. 100 % fiat now. When we fork the price will decline with 50%, just look like Eth. A hardfork will cause a 2 year bear market.

Don't you try your luck with alts? ETH and DASH made some nice gains. I am trying LTC, everybody gave up on it - but we'll see.

york780

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Man i wait till all this hardfork BU storm is passed. 100 % fiat now. When we fork the price will decline with 50%, just look like Eth. A hardfork will cause a 2 year bear market.

zby

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Quote from: mindrust on March 17, 2017, 06:58:28 AM

Quote from: zby on March 16, 2017, 01:17:06 AM

"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Who gives a fuck about what they say?

When all the miners convert to BU and most of the users decide to use BU instead of the core, then let's see their opinions on the subject again.

If the community decides that BU is the new bitcoin, then there is nothing to be done about it.

I hate fucking exchanges, they are cancer.

That is wishful thinking - you hate exchanges so you believe they have no say.

mindrust

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Quote from: zby on March 16, 2017, 01:17:06 AM

"Coinbase, Bitfinex Would List Bitcoin Unlimited As “Altcoin” After Soft Fork: Mow" https://cointelegraph.com/news/coinbase-bitfinex-would-list-bitcoin-unlimited-as-altcoin-after-soft-fork-mow

That is how BU lost the name battle.

Who gives a fuck about what they say?

When all the miners convert to BU and most of the users decide to use BU instead of the core, then let's see their opinions on the subject again.

If the community decides that BU is the new bitcoin, then there is nothing to be done about it.

I hate fucking exchanges, they are cancer.

pooya87

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Quote from: manselr on March 16, 2017, 09:39:31 AM

Quote from: Sundark on March 16, 2017, 09:07:08 AM

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

first of all there is a possibility of that happening and it can be prevented. like the last hard fork of bitcoin that you don't even know about.
it is bullshit to say bitcoin will split if it hardforks with 100% certainty.

second of all all this drama started as a continuation of the fight between two proposals for block size issue and we are very far away from anything remotely like this happening. only one pool switched their vote to BU and it is still ~30% in total!!!

also even in case of a split in order to "dump BTE" you need to find a place that is accepting "BTE" and if like you said it is considers shit and an altcoin nobody will be accepting it. "BTE" would be an altcoin fork that no exchange lists and you would be holding nothing.

and i hope you realize that Juahn Wu (that you guys like repeating his name) is just one pool with 17% of the total 100% and there is still lots of other miners and then also there are still lots of bitcoin users (nodes) and then merchants and services,...
and its a freaking pool, people can switch if they don't agree with its decisions.

Wind_FURY

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Quote from: manselr on March 16, 2017, 09:39:31 AM

Quote from: Sundark on March 16, 2017, 09:07:08 AM

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

I predict the great Jihan Wu of Bitmain will change tack and declare support for Core and Segwit just like Brian Armstrong of Coinbase did. They will realize that off chain transactions is the superior solution compared to dynamic block sizes.

manselr

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Quote from: Sundark on March 16, 2017, 09:07:08 AM

I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Yes, we will have 2 coins. The original chain (BTC) and the hard forked altcoin (BTE or whatever they call it).

How will have exactly the same coins in both chains (not if they are kept at the exchanges)

So what you have to do is dump BTE before it becomes stagnant like ETC, this way you get more bitcoins for free.

But BUcoin is dead after the bug, it has no real support anymore so there will be no hard fork most likely unless Jihan Wu is on a suicide mission.

Sundark

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I am a noob so please enlighten me about technicalities of how hard fork woks exactly.
In case of hard fork we will have 2 versions of bitcoin, just like Ethereum has classic version and standard version or there will be be only one updated version?
I always wondered why there are 2 Ethereums around and I don't want bitcoin to be divided like that as well.

Wind_FURY

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Quote from: zby on March 16, 2017, 08:00:25 AM

Google trends for bitcoin hard fork are up: trends.google.pl/trends/explore?q=bitcoin%20hard%20fork

Good thread here by the way.

For my strategy, I intend to follow Roger Ver and make a "safer" investment in Dash or maybe XMR and LTC. Roger Ver is one of the Bitcoin pioneers and he knows what he is doing, especially when to comes to cryptocurrency investment. I will start doing this if the total miners' support for BU is at 50%.

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