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Topic: Samson mow. Bitcoin unlimited is over. (Read 1471 times)

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Activity: 0
Merit: 0
November 23, 2019, 08:01:01 AM
#29
I read everywhere that Tether practically have the same consumer demand as Bitcoin. I know that the exchange leaves me almost the same amount of dollars that I spent on buying a stable coin. It’s more convenient to pay because even a finance does not allow fiat. But do off-exchange stable coins make sense?

If you plan to buy USDT just because it is popular, this is not justified. There are dai or other stable coins that are more profitable. Specifically, for exchange tasks, I would brane BNB if you go to the bank or other coins of exchanges. Because for the purchase of coins they will give you some bonuses.
Stable cryptography is a good long-term investment with a high return on investment than many stocks. But for trade, its value lies in protecting investment during a recession. Theoretically, this is similar to the accumulation of gold before the stock market crash, but with much greater liquidity. Outside the trading zone, stable coins will not be very useful to you. I do not know anyone who would like to conduct transactions using USDT. Everyone will choose Bitcoin or other coins.

I think with the advent of stable coins in social networks, as Facebook plans with libra coins, such transactions will be carried out. It’s easier for people to understand that they give a dollar and get a dollar, only transactions are faster and more secure. Stable coins are a good way to familiarize the general public with cryptocurrencies. It is also easy to learn all the features of crypto management and investing on the taklimakan platform. But with the advent of cryptocurrencies from banks, I think people will switch to this type of coin.

Issuing a separately stable coin for each country does not make sense. The world needs a common coin so that central banks do not manipulate the economy. Now the opportunity to travel without any means of exchange. Take the euro as a good example, here is a stable coin for Europe. Connect cryptography and create a similar currency but for the whole world
brand new
Activity: 0
Merit: 0
November 23, 2019, 07:59:52 AM
#28
I read everywhere that Tether practically have the same consumer demand as Bitcoin. I know that the exchange leaves me almost the same amount of dollars that I spent on buying a stable coin. It’s more convenient to pay because even a finance does not allow fiat. But do off-exchange stable coins make sense?

If you plan to buy USDT just because it is popular, this is not justified. There are dai or other stable coins that are more profitable. Specifically, for exchange tasks, I would brane BNB if you go to the bank or other coins of exchanges. Because for the purchase of coins they will give you some bonuses.
Stable cryptography is a good long-term investment with a high return on investment than many stocks. But for trade, its value lies in protecting investment during a recession. Theoretically, this is similar to the accumulation of gold before the stock market crash, but with much greater liquidity. Outside the trading zone, stable coins will not be very useful to you. I do not know anyone who would like to conduct transactions using USDT. Everyone will choose Bitcoin or other coins.

I think with the advent of stable coins in social networks, as Facebook plans with libra coins, such transactions will be carried out. It’s easier for people to understand that they give a dollar and get a dollar, only transactions are faster and more secure. Stable coins are a good way to familiarize the general public with cryptocurrencies. It is also easy to learn all the features of crypto management and investing on the taklimakan platform. But with the advent of cryptocurrencies from banks, I think people will switch to this type of coin.
brand new
Activity: 0
Merit: 0
November 23, 2019, 07:58:38 AM
#27
I read everywhere that Tether practically have the same consumer demand as Bitcoin. I know that the exchange leaves me almost the same amount of dollars that I spent on buying a stable coin. It’s more convenient to pay because even a finance does not allow fiat. But do off-exchange stable coins make sense?

If you plan to buy USDT just because it is popular, this is not justified. There are dai or other stable coins that are more profitable. Specifically, for exchange tasks, I would brane BNB if you go to the bank or other coins of exchanges. Because for the purchase of coins they will give you some bonuses.
Stable cryptography is a good long-term investment with a high return on investment than many stocks. But for trade, its value lies in protecting investment during a recession. Theoretically, this is similar to the accumulation of gold before the stock market crash, but with much greater liquidity. Outside the trading zone, stable coins will not be very useful to you. I do not know anyone who would like to conduct transactions using USDT. Everyone will choose Bitcoin or other coins.
brand new
Activity: 0
Merit: 0
November 23, 2019, 07:55:40 AM
#26
I read everywhere that Tether practically have the same consumer demand as Bitcoin. I know that the exchange leaves me almost the same amount of dollars that I spent on buying a stable coin. It’s more convenient to pay because even a finance does not allow fiat. But do off-exchange stable coins make sense?

If you plan to buy USDT just because it is popular, this is not justified. There are dai or other stable coins that are more profitable. Specifically, for exchange tasks, I would brane BNB if you go to the bank or other coins of exchanges. Because for the purchase of coins they will give you some bonuses.
brand new
Activity: 0
Merit: 0
November 23, 2019, 07:53:08 AM
#25
I read everywhere that Tether practically have the same consumer demand as Bitcoin. I know that the exchange leaves me almost the same amount of dollars that I spent on buying a stable coin. It’s more convenient to pay because even a finance does not allow fiat. But do off-exchange stable coins make sense?
hero member
Activity: 994
Merit: 502
March 28, 2017, 11:54:38 PM
#24
this is going to be a long and boring thing where BU stays the same percentage and slowly the spam about it will die first and eventually the developer is going to give up the same way classic gave up after a long and boring period.
In the beginning the support for BU peaked high over 60% in a short. Soon after that the support got declined and now both are looking to gain support equally. Importantly now bitcoin have started to gain more power along with the increasing price. So as quoted we might experience the BU giving up from the run.
legendary
Activity: 3472
Merit: 10611
March 28, 2017, 11:05:14 PM
#23
this is going to be a long and boring thing where BU stays the same percentage and slowly the spam about it will die first and eventually the developer is going to give up the same way classic gave up after a long and boring period.
sr. member
Activity: 399
Merit: 250
March 28, 2017, 09:30:42 PM
#22
I think there are still a considerable number of miners in favor of the idea. The community and the miners need to come together to reach a consensus.
legendary
Activity: 1246
Merit: 1000
March 28, 2017, 09:09:44 PM
#21
"Advice to those that hitched their wagon to bu: hit eject. Don't be the last clown in the car as it explodes."
 Grin
Put this BU bs to rest and let's go to the moon

Right now, nobody is going to get financially devastated if BU does not get activated. It would have been a different story if a hard fork had been activated and people had been forced to choose between the 2. Thankfully, that hasn't happened yet.
legendary
Activity: 1288
Merit: 1087
March 28, 2017, 08:27:51 PM
#20
to bad, i was really looking forward to having a dynamic block size that would a) make the block size debate forever closed, and b) possibly lead to optimized fee market. but... bu is dead, caput, finito.

all they gotta do is make it better and address the doubts everyone has. if it passes muster then away we go.
sr. member
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
March 28, 2017, 07:29:07 PM
#19
i think bitcoin unlimited issue still run and not over
until roger ver and wu, is say bitcoin unlimited stop, so bitcoin unlimited can stop
until now in mining pool bitcoin unlimited still win, with 37% use block bitcoin unlimited

nah. almost everyone has come out with what they'd do if unlimited actually happened. most of those opinions are not very complimentary and that won't change. the war for the hearts and minds is over.

they can carry on signalling forever, that won't convince the majority that it's any good.

to bad, i was really looking forward to having a dynamic block size that would a) make the block size debate forever closed, and b) possibly lead to optimized fee market. but... bu is dead, caput, finito.
legendary
Activity: 1288
Merit: 1087
March 28, 2017, 07:22:03 PM
#18
i think bitcoin unlimited issue still run and not over
until roger ver and wu, is say bitcoin unlimited stop, so bitcoin unlimited can stop
until now in mining pool bitcoin unlimited still win, with 37% use block bitcoin unlimited

nah. almost everyone has come out with what they'd do if unlimited actually happened. most of those opinions are not very complimentary and that won't change. the war for the hearts and minds is over.

they can carry on signalling forever, that won't convince the majority that it's any good.

legendary
Activity: 1512
Merit: 1000
March 28, 2017, 07:16:31 PM
#17
SegWit is not hard fork, it is safer to activate, no risk of 2 coins. We have over 80% nodes already supporting it - unlike BU 11%.
Plus the amount of hidden catches in BU is more scarier than what SegWit is trying to sell us: we can start with 'emergent consensus'.
Once we activate BU we will be forever slaves to it. Future upgrades won't be easier or safer with BU.

BU is dodgy at best, but lets be real here.

Nodes-> Barrier to entry is near zero.  Sybil attacks are a thing.  These combined means it is an unreliable metric to use.

SW safer to activate -> SW nodes will not request blocks from non-SW nodes.  Thus if you're a miner you're forced to upgrade even if you're not in the 95%.  It also opens an attack vector since SW transactions use anyone can spend.  51% attacks can now steal people's coins.

activate BU we will be forever slaves to it ->  See above: anyone can spend.  There is no going back from SW either. 

 
hero member
Activity: 1694
Merit: 541
March 28, 2017, 06:13:07 PM
#16
Unless SegWit actually gets activated and functional 100%, we will see more tricks from them, they definitely plan to do something, I also cannot consider BU as dead unless they have 0% hashpower. The weird thing that I still can't understand is why people are supporting it If their software is full of bugs and almost everyone is against them.
People really liked their Idea of having unlimited blocks but they never thought that they were not competent enough to carry the bitcoin flag and the rest of the hash power you see are either paid to do so by the team or the team behind bitmain is providing those fake strength. Grin Yes it is filled with bugs and so is the reason that most of the sane people have lost faith in BU and their journey to over power and over take is over in my opinion.
legendary
Activity: 1400
Merit: 1001
March 28, 2017, 05:13:22 PM
#15
"Advice to those that hitched their wagon to bu: hit eject. Don't be the last clown in the car as it explodes."
 Grin
Put this BU bs to rest and let's go to the moon

Let's hope BU dies ASAP, I can't help but think they'll have another trick up their sleeve. Either under the name BU or the next take over attempt Sad

Unless SegWit actually gets activated and functional 100%, we will see more tricks from them, they definitely plan to do something, I also cannot consider BU as dead unless they have 0% hashpower. The weird thing that I still can't understand is why people are supporting it If their software is full of bugs and almost everyone is against them.
SegWit is not hard fork, it is safer to activate, no risk of 2 coins. We have over 80% nodes already supporting it - unlike BU 11%.
Plus the amount of hidden catches in BU is more scarier than what SegWit is trying to sell us: we can start with 'emergent consensus'.
Once we activate BU we will be forever slaves to it. Future upgrades won't be easier or safer with BU.
hero member
Activity: 644
Merit: 500
March 28, 2017, 04:53:47 PM
#14
i think bitcoin unlimited issue still run and not over
until roger ver and wu, is say bitcoin unlimited stop, so bitcoin unlimited can stop
until now in mining pool bitcoin unlimited still win, with 37% use block bitcoin unlimited
hero member
Activity: 1106
Merit: 638
March 28, 2017, 03:46:38 PM
#13
How does one, errr me, watch the goings on with BU? Where are you all getting your news on the latest tricks and moves? Are you just reading news on this Forum? Thanks.

If you want to see what the miners actually support: https://coin.dance/blocks otherwise for reading the news then just keep an eye on /r/bitcoin (reddit) and Coindesk/CoinTelegraph.

Thanks for this, more questions. At the coin.dance site I see Bitcoin Unlimited, SegWit, and 8 MB Blocks. I don't see Bitcoin Core...is that represented by "8 MB Blocks"?

What do these share numbers need to hit for there to be confirmation that BU has won or lost?

Cheers.
staff
Activity: 3500
Merit: 6152
March 28, 2017, 03:28:23 PM
#12
How does one, errr me, watch the goings on with BU? Where are you all getting your news on the latest tricks and moves? Are you just reading news on this Forum? Thanks.

If you want to see what the miners actually support: https://coin.dance/blocks otherwise for reading the news then just keep an eye on /r/bitcoin (reddit) and Coindesk/CoinTelegraph.
hero member
Activity: 1106
Merit: 638
March 28, 2017, 03:17:43 PM
#11
How does one, errr me, watch the goings on with BU? Where are you all getting your news on the latest tricks and moves? Are you just reading news on this Forum? Thanks.
hero member
Activity: 700
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
March 28, 2017, 02:16:06 PM
#10
"Advice to those that hitched their wagon to bu: hit eject. Don't be the last clown in the car as it explodes."
 Grin
Put this BU bs to rest and let's go to the moon
I am pretty worried about the one who may have invested in hypothetical BTU token on bitfinex  Grin
BTU will be rememberd as failed attempt to fork bitcoin just like classic have tried before.
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