RIP Bitcoin, better luck next time - page 7.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

Therefore, the hard fork is confirmed by BU? Or still under pending status?

ROFL on the Chinese Bitcoin and Donald Trump Bitcoin.

Why is this scenario occur?

quake313

sr. member

Activity: 268

Merit: 250

Quote from: jonald_fyookball on March 24, 2017, 04:45:58 PM

HODL (both chains)

Should a split happen, this is exactly what I plan to do, at least until I know which one will win Wink

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

can you lend me your magic future telling ball so that i can see my future in it. i promise to give it back to you fast.

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

if there is a 30% leftover they will switch too. and if you keep saying "change POW" and miners feel threatened we will end up having 95-100% hashrate on BU which is going to be awesome. not because i like BU, no i beleive it is a bad idea right now, but because a 95-100% consensus means a smooth fork.

ekoice

hero member

Activity: 742

Merit: 500

Quote from: thecrazy1 on March 24, 2017, 04:28:24 PM

So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

Seems you are a crazy supporter of altcoins.For your kind information,Bitcoin will remain alive and BU will disappear in the mean coarse of time.RIP Altcoins.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

HODL (both chains)

leopard2

legendary

Activity: 1372

Merit: 1014

Well said. It is possible that the two new coins will never be what BTC was.

I thought a peaceful split is a good thing, but this does not look peaceful anymore. BTC is inferior compared to most altcoins but it was THE ONE AND ONLY.

Technically there is no good reason to invest into BU or the "new PoW-BTC"... Cry

But hey, $200 ETH and $500 DSH could be the answer Undecided

If you ask me, the winner of the war will be the coin that is called "BTC" or "Bitcoin" by the exchanges and the press in the future. That is what sheeple know. Sad

thecrazy1

newbie

Activity: 20

Merit: 0

So Satoshi Bitcoin will split to Chinese Bitcoin and Blockstream Bitcoin.

If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.

So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.

Topic: RIP Bitcoin, better luck next time - page 7. (Read 5875 times)