Hardfork when? | Bitcointalksearch.org

Wind_FURY

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Quote from: Minecache on March 21, 2017, 08:38:39 AM

Quote from: amberwg1 on March 20, 2017, 10:37:53 PM

Right after the hard fork will be the best time to buy, when everybody gets spooked. Worked out great that way with Ethereum. It bounced back.

Past perfomance is no true indicator of future returns.

That is very true. The fork could be what kills Bitcoin to the enjoyment of the banks who are watching it closely.

Amberwg1 also said that "right after the fork is the best time to buy". I disagree. The best time to buy is now before the hard fork. You would obviously should want as much Bitcoins to hold if the blockchain splits in 2.

Variogam

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Quote from: thepo1m on March 21, 2017, 11:21:53 AM

It could be soon but I just have a feeling it will be a lose-lose situation for the Miners. They truly have the hash power to do it, I just have a feeling they know the Unlimited code is not safe and one hack will crash the price. it is even possible we end up with more than 2 Bitcoin chain.

There are more compatible clients like Classic, and more comming, like BitcoinEC. So bug in one does not mean anything serious for Bitcoin if the nodes are fair mix of more Bitcoin implementations. Now compare this with Core bugs, like the one in 2013 resulting in hardfork and 6 hours of forked and live chain. Thats why more implementations = better, using just one implementation with over 90% network is suicidal long term, because bugs always sneak in as Core client demonstrated few times already.

vnvizow

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Could be anytime, could never happen. Until observed this is Schrodinger's hard fork Tongue

but in all seriousness talks of hard forks starts in 2010 even, so who knows if it will even happen or not

thepo1m

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It could be soon but I just have a feeling it will be a lose-lose situation for the Miners. They truly have the hash power to do it, I just have a feeling they know the Unlimited code is not safe and one hack will crash the price. it is even possible we end up with more than 2 Bitcoin chain.

Ayers

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Quote from: 1urker on March 19, 2017, 09:15:17 PM

Does anyone really have an idea of when it's going to happen? Well... IF it happen.

no one now bitcoin unlimited need to reach 75% of consensus for the hard fork to happen, and they are at 30% or so, very long way to go for them, i hope that this fork not happen, because the value suffer with double coins for everyone

Variogam

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Quote from: 1urker on March 19, 2017, 09:15:17 PM

Does anyone really have an idea of when it's going to happen? Well... IF it happen.

Probably in the following months, definitively this year.

Quote from: Sundark on March 21, 2017, 08:56:29 AM

Bitcoin Unlimited Fork can happen anywhere between 51% and 75% if miners choose to do so.

Actually most BU miners preffer 80%. I preffered compromise in the past, but its clear there is not going to be any, so the sonner we get to 80%, the better. Even current Core miners are incentivized to join emergent consensus and finally stabilize the Bitcoin situation, because there is no future for them under Core threads to change PoW whenever they choose.

Quote from: SONG GEET on March 19, 2017, 10:26:10 PM

I also think so and also trading platforms will just list BTU as altcoin rather than bitcoin which may have negative impact on price of BTU as well as on support they may get afterwards. Bitcoin core will remain as bitcoin.

Maybe some exchanges, but the biggest, Coinbase made it clear they going to stop trading Bitcoin until the situation is resolved, and the winner gets Bitcoin name. I doubt they going to trade the BlockStream Core coin (or whatever it gets named) because they dont trading the losing ETC chain as well.

Sundark

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Quote from: anonymoustroll420 on March 20, 2017, 10:40:47 PM

Should happen right after world peace is achieved.

You made my day with that comment.

Quote from: Amandier on March 21, 2017, 08:16:22 AM

The Bitcoin Unlimited analyser credit them of 38,9% of blocks mined today. So I guess the answer is hopefully not very soon, and I hope never since that would be simply disastrous.

Bitcoin Unlimited Fork can happen anywhere between 51% and 75% if miners choose to do so.

Quote from: amberwg1 on March 20, 2017, 10:37:53 PM

Right after the hard fork will be the best time to buy, when everybody gets spooked. Worked out great that way with Ethereum. It bounced back.

That failed ETH fork turned out to be not the end for them, but we need to remember that ETH is not like bitcoin.
Ethereum is not really used by people, it is more like playground for business to toy with new tech.

naughty1

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It is difficult to predict when it will happen, we can not say anything before, all opinions are conjecture and unreliable. But I think that when BU is near 50%, the miners will become ugly. I very much hope the lakes will once again accept the Bitcoin core, an original currency and without any changes. It is a requirement for bitcoin to continue to grow. I'm not sure about the future of BU, but I believe in the future of Bitcoin core, it is a perfect money.

Minecache

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Quote from: amberwg1 on March 20, 2017, 10:37:53 PM

Right after the hard fork will be the best time to buy, when everybody gets spooked. Worked out great that way with Ethereum. It bounced back.

Past perfomance is no true indicator of future returns.

Amandier

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The Bitcoin Unlimited analyser credit them of 38,9% of blocks mined today. So I guess the answer is hopefully not very soon, and I hope never since that would be simply disastrous.

zoga

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Well, Chinese in the first place was really an opportunity seeker and when the saw bitcoin as one of it, they started bringing it up plus i guess they have a huge support from the government and that what i was always trying to say that if the other countries government will just do the same as china does then this things are surely not happening right now.

anonymoustroll420

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Should happen right after world peace is achieved.

amberwg1

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Right after the hard fork will be the best time to buy, when everybody gets spooked. Worked out great that way with Ethereum. It bounced back.

CraigWrightBTC

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Quote from: 1urker on March 19, 2017, 09:15:17 PM

Does anyone really have an idea of when it's going to happen? Well... IF it happen.

There are some people want hard fork of bitcoin and there are some people won't hard fork
hard fork of bitcoin is still in debating and still there are not solution for all of comunity
so there are not exacly when the hard fork will be done, we must wait the desicion of comunity.

Wind_FURY

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Quote from: 1urker on March 19, 2017, 09:34:23 PM

Quote from: Wind_FURY on March 19, 2017, 09:31:44 PM

No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.

Thank you very much for the clarification.

I would also want to say that you should not take my word for it. What I posted is only a personal opinion and I could be wrong like sometimes in the forum. There are other members who know more than me like Lauda and franky1.

SONG GEET

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Quote from: Wind_FURY on March 19, 2017, 09:31:44 PM

I am not 100% sure but maybe one of the mining pools could back track and support Core again.

I also think so and also trading platforms will just list BTU as altcoin rather than bitcoin which may have negative impact on price of BTU as well as on support they may get afterwards. Bitcoin core will remain as bitcoin.

jaybny

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Quote from: Wind_FURY on March 19, 2017, 09:31:44 PM

No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.

a poison pill will do it - i guarantee it - https://bitcointalksearch.org/topic/defensive-nuclear-weapon-armageddon-avoidance-proof-of-coinbase-poison-pill-1833046

1urker

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Quote from: Wind_FURY on March 19, 2017, 09:31:44 PM

No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.

Thank you very much for the clarification.

Wind_FURY

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No, "when" would be hard to predict. I believe miners will have a tendency to become fickle once BU reaches almost 50%. They realize that the future of Bitcoin is hanging in the balance and as humans we usually do not want to break the status quo. I am not 100% sure but maybe one of the mining pools could back track and support Core again.

1urker

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Does anyone really have an idea of when it's going to happen? Well... IF it happen.

Topic: Hardfork when? (Read 1392 times)