Topic: Jihan Wu crashes the Bitcoin price (Read 5296 times)

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

If you believe that, how in the world is Bitcoin decentralized when one person can crash the price?
Is China really in control?

Of course this is nonsense that Jihan Wu crashed the price. A few weak hands sold off, good riddance! These weak hands don't understand Bitcoin anyway.

There was another PBOC communication meessage, that may have helped crush the price too, but we have seen it quickly bought up again. In any case, im sure Jihan's antics are involved too in a general increasing distrust about the outcome of bitcoin.
We will see.

There is a significant risk, one is the risk of customer funds security, the second is the risk of money laundering, the third is the risk of leveraged transactions.
Source: http://www.coindesk.com/pboc-china-bitcoin-exchanges-strict-supervision/

Mining mogul Jihan Wu single-handedly crashes the Bitcoin price by supporting BUcoin.

Dumb low IQ Roger Vermin and the rest of delusional BUcoiners celebrate that Antpool mined some BUcoin blocks. Just hours later, the price crashes into oblivion.

The Powers That Be failed to hack bitcoin, but they might as well kill it by good ol "divide and conquer".

Good job, Jihan, now you'll soon be emperor of a worthless token.

Talk is cheap. Prepare to get forked

another very questionable topic from this user full of false information.
i am not getting in the middle of the BU vs Segwit shit but as far as price is concerned the FUD that people like you spread is causing the drop. whales dump then they spread FUD and idiots start selling afterwards. nothing to see here that is new.

What the heck are Bu coins?
Doing a "Google dat shit!" I got this:
https://www.thespruce.com/bu-coin-definition-768402

https://hobbylark.com/collecting/What-Is-a-BU-Coin

Wha' da h3ll does this hafta do wit BTC?

The Bitcoin Unlimited (BU) project seeks to provide a voice to all stakeholders in the Bitcoin ecosystem.

Every node operator or miner can currently choose their own blocksize limit by modifying their client. Bitcoin Unlimited makes the process easier by providing a configurable option for the accepted and generated blocksize via a GUI menu. Bitcoin Unlimited further provides a user-configurable failsafe setting allowing you to accept a block larger than your maximum accepted blocksize if it reaches a certain number of blocks deep in the chain.

By moving the blocksize limit from the protocol layer to the transport layer, Bitcoin Unlimited removes the only point of central control in the Bitcoin economy - the blocksize limit - and returns it to the nodes and the miners. An emergent consensus will thus arise based on free-market economics as the nodes/miners converge on consensus focal points, creating in the process a living, breathing entity that responds to changing real-world conditions in a free and decentralised manner.

This approach is supported by the evidence accumulated over the past six years. The miners and node operators have until now been free to choose a soft limit which, as demand grew, has always been increased in a responsive and organic manner to meet the needs of the market. We expect miners to continue in this tested and proven free-market way by, for instance, coordinating to set a new generated blocksize limit of 2MB and reject any blocks larger than 2MB unless they reach 4 blocks deep in the longest chain. As demand increases, the limit can easily be increased to 3MB, 4MB, and so on, thus removing central control over the process of finding the equilibrium blocksize by allowing the free market to arrive at the correct choice in a decentralised fashion.

10-Cursing/swearing/fighting/insulting/laughing/crying/lying that people are entering into LTC just like that without any proofs to back the claim up/shilling.

When I wake up tomorrow bitcoin is still around and my coins still in my wallets, 100 years from now my coins will be untouched

I won't even consider a BUcoins as a valid altcoin in fact  
I'm agree with you for the story of the eggs but like i said i don't consider the solution of BU as viable for mid-term long-term view due to the blockchain size problem that will result
nothing more
And i don't use rhetoric to try to convince someone  

I should tell you that 31% of the BTU & nonvoting could at any time rewrite a chain created by your pathetic 30% , but I know you guys are just too stupid to get it.
While leaving 39% protecting their BTU & nonvoting chain , while decimating segwit's chain.