Segregated Witness vs Bitcoin Unlimited vs Do Nothing

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: iamTom123 on April 26, 2017, 04:18:25 AM

There are many disadvantages expressed against SegWit but there are more against Bitcoin Unlimited.

"Many"? No. Stop reading troll posts. There are some disadvantages that have been documented on the Bitcoin Core website. However, in comparison to BU, Segwit has been extensively tested for months.

Quote from: iamTom123 on April 26, 2017, 04:18:25 AM

The fear against BU came mostly from personalities behind such an option and the self-vested interests they are bringing on the table.

That stance is also nonsensical. When it comes to implementations, the code is more important (and BU has many holes as we've seen so far).

Quote from: iamTom123 on April 26, 2017, 04:18:25 AM

I am wishing that soon this kind of an online civil war can be laid to rest so we can all concentrate on making more Bitcoin and enriching our own pockets.

You're here for the wrong reasons.

Quote from: ?? on ??

Quote from: franky1 on April 25, 2017, 05:37:11 PM

Quote from: steamon on April 25, 2017, 05:30:22 PM

I don't like the bitcoin unlimited idea at all. I really hope it becomes segwit for now. If no agreement can by made then do nothing for a while. Like 2018.

or core tries something else thats actually adding and doing things the whole community can unite around, before wasting another year on half baked segwit

This.

Nonsense. I'm afraid that you may be at no point of return if you're following franky1.

iamTom123

hero member

Activity: 490

Merit: 501

Quote from: squatz1 on April 25, 2017, 08:22:38 PM

With the current state of the scaling solution right now with Bitcoin, I think this is something that is driving people away from actually going ahead and using Bitcoin because it seems as if we're in a civil war here, and we are to a certain extent. Though, the people on the side of Segwit are fighting for what's right while on the people on the side of BUG COIN are attempting to do a centralized takeover of Bitcoin cause Ver and Daddy Wu said that they should (paid off too)

Once we address the scaling problem through SegWit, we'd actually be able to get more people to join Bitcoin as the tx fees would start to go down from the bloated point in which we're at now. I simply see tx fees being high as the single highest rate of people just going "Well, I could just use my credit card"

SEGWIT

There are many disadvantages expressed against SegWit but there are more against Bitcoin Unlimited. The fear against BU came mostly from personalities behind such an option and the self-vested interests they are bringing on the table. I am wishing that soon this kind of an online civil war can be laid to rest so we can all concentrate on making more Bitcoin and enriching our own pockets. I am in Bitcoin, of course, to make some money and to be a part of a big financial revolution and not to witness a movie entitled "Bitcoin War" because that is so nasty.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: franky1 on April 25, 2017, 05:37:11 PM

or core tries something else thats actually adding and doing things the whole community can unite around, before wasting another year on half baked segwit

Segwit is pretty great in comparison to the alternatives. Denying it doesn't change anything.

Quote from: cryptoanarchist on April 25, 2017, 08:42:21 PM

The seven day average keeps inching up. Grin

That's pretty irrelevant considering that almost all of that is concentrated under 1 person, aka. Jihan Wu (under disguise as at least 3 independent pools). Additionally, the super majority of every other part of the network is anti-BU.

Quote from: Sadlife on April 25, 2017, 09:30:38 PM

With the recent crashing of nodes by Bitcoin Unlimited i think that should wake up people to whom to put their hash power to.

That's the thing, nobody is actually using BU client whilst mining. They are using Core whilst signalling for BU.

With weighting enabled:

Sadlife

sr. member

Activity: 1400

Merit: 269

With the recent crashing of nodes by Bitcoin Unlimited i think that should wake up people to whom to put their hash power to.
Segwit is the best option and has many possibilities that can fix bitcoin malleability and scaling.

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

LAST 1000 BLOCKS:

Bitcoin Unlimited blocks: 422 ( 42.2% )
Bitcoin Classic blocks: 4 ( 0.4% )
SegWit blocks: 317 ( 31.7% )
BIP100 blocks: 53 ( 5.3% )

In the last 7 days (1000 blocks), Unlimited + Classic hashrate is ~1423 PH/s (42.6%) of the total Bitcoin network (3340 PH/s)

The seven day average keeps inching up. Grin

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Yakamoto on April 25, 2017, 05:40:06 PM

Quote from: steamon on April 25, 2017, 05:30:22 PM

I don't like the bitcoin unlimited idea at all. I really hope it becomes segwit for now. If no agreement can by made then do nothing for a while. Like 2018.

I'm leaning towards this right now.but BU seems like a bad idea

With tons of bugs, It should be avoided to be the scaling solution for bitcoin.

Quote from: Yakamoto on April 25, 2017, 05:40:06 PM

and Segwit looks like the best option

A lot of benefits and the possibilities for supporting off-chain development.

Quote from: Yakamoto on April 25, 2017, 05:40:06 PM

however I have expressed, and continue to express, a desire for more alternatives to be made before we have to fork anything.

Do you mean about the alternatives way? As you can see bitcoin is in a hurry time.
Thought about UASF?It's just a terrible way.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

With the current state of the scaling solution right now with Bitcoin, I think this is something that is driving people away from actually going ahead and using Bitcoin because it seems as if we're in a civil war here, and we are to a certain extent. Though, the people on the side of Segwit are fighting for what's right while on the people on the side of BUG COIN are attempting to do a centralized takeover of Bitcoin cause Ver and Daddy Wu said that they should (paid off too)

Once we address the scaling problem through SegWit, we'd actually be able to get more people to join Bitcoin as the tx fees would start to go down from the bloated point in which we're at now. I simply see tx fees being high as the single highest rate of people just going "Well, I could just use my credit card"

SEGWIT

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: steamon on April 25, 2017, 05:30:22 PM

I don't like the bitcoin unlimited idea at all. I really hope it becomes segwit for now. If no agreement can by made then do nothing for a while. Like 2018.

I'm leaning towards this right now.

Truly I'm not educated enough on the entire shebang so I don't say that my opinion has any weight, but BU seems like a bad idea and Segwit looks like the best option, however I have expressed, and continue to express, a desire for more alternatives to be made before we have to fork anything. Worst case we stall and kick the can down the road, but having some diversity in our options would be nice.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: steamon on April 25, 2017, 05:30:22 PM

I don't like the bitcoin unlimited idea at all. I really hope it becomes segwit for now. If no agreement can by made then do nothing for a while. Like 2018.

or core tries something else thats actually adding and doing things the whole community can unite around, before wasting another year on half baked segwit

steamon

sr. member

Activity: 404

Merit: 252

I don't like the bitcoin unlimited idea at all. I really hope it becomes segwit for now. If no agreement can by made then do nothing for a while. Like 2018.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: leopard2 on April 25, 2017, 04:49:59 PM

If BU activates there will be no more pie charts in the future. Asicboost will make sure only Jihan and his underlings will be able to mine profitably, so he will have 99% of the pie from then on.

And the Chinese government will control Jihan. End of Bitcoin story.

BU could be the most perfect software in the world and we should still oppose it. Angry

but wait..
wasnt the reddit propaganda that the blocks opposing segwit meant to be all be jihan... 67% (12+ pools)
- im laughing at that part that jihan owns 12 pools(67%)..

if bu activates now controversially(wont happen, so relax) or segwit pulls the UASF bomb(could happen, they have made many threats)..
then bu, classic, xt and other diverse decentralised nodes would have 12+ pools and 67% of average blocks

- im still laughing how people still think the core opposition is just ver and jihan.
thats way beyond fox news sheeple mindset of repeating what they see... thats alex jones sheeple mindset of repeating what they see.

but in both cases.. all they see is one enemy that needs to be bombed. rather than think naturally about who poked the bear first

gmaxwell

staff

Activity: 4284

Merit: 8808

Quote from: cryptoanarchist on April 25, 2017, 04:44:10 PM

Quote from: gmaxwell on April 25, 2017, 02:22:35 PM

Quote from: ReckLess.6 on April 25, 2017, 07:49:09 AM

It started with Core...

No it didn't.

I guess this means you know who was behind ddos attack?

The post I was responding to has someone who was claiming to be responsible.

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

Quote from: leopard2 on April 25, 2017, 04:49:59 PM

If BU activates there will be no more pie charts in the future. Asicboost will make sure only Jihan and his underlings will be able to mine profitably, so he will have 99% of the pie from then on.

And the Chinese government will control Jihan. End of Bitcoin story.

BU could be the most perfect software in the world and we should still oppose it. Angry

For someone with legendary status this comment displays profound ignorance about how bitcoin works. BU doesn't 'activate', I think what you mean is if miners generate larger than 1MB blocks. When that happens, there will still be pie charts for various pools, there just will no longer be a 'SegWit' part of the pie.

I think that is what you're upset about.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: cryptoanarchist on April 25, 2017, 04:44:10 PM

Quote from: gmaxwell on April 25, 2017, 02:22:35 PM

Quote from: ReckLess.6 on April 25, 2017, 07:49:09 AM

It started with Core...

No it didn't.

I guess this means you know who was behind ddos attack?

Are you trying to imply that, in case of you not knowing or not having adequate proof of someone being behind [insertAttack] (any), you blame "Core" for it?

Quote from: leopard2 on April 25, 2017, 04:49:59 PM

And the Chinese government will control Jihan. End of Bitcoin story.

What makes you think that they already are not?

leopard2

legendary

Activity: 1372

Merit: 1014

If BU activates there will be no more pie charts in the future. Asicboost will make sure only Jihan and his underlings will be able to mine profitably, so he will have 99% of the pie from then on.

And the Chinese government will control Jihan. End of Bitcoin story.

BU could be the most perfect software in the world and we should still oppose it. Angry

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

Quote from: gmaxwell on April 25, 2017, 02:22:35 PM

Quote from: ReckLess.6 on April 25, 2017, 07:49:09 AM

It started with Core...

No it didn't.

I guess this means you know who was behind ddos attack?

gmaxwell

staff

Activity: 4284

Merit: 8808

Quote from: ReckLess.6 on April 25, 2017, 07:49:09 AM

It started with Core...

No it didn't.

ReckLess.6

jr. member

Activity: 44

Merit: 16

Quote from: Lauda on April 25, 2017, 07:27:38 AM

Quote from: ReckLess.6 on April 25, 2017, 06:28:52 AM

This majority hash power supporting them may do rogue things to core chain and the only option left at that time will be to change the algo.

They can surely attempt that. Good luck explaining this behavior to anyone looking to join their chain (investment, development and any other kind of form of interaction). "Remember that time when we played dictators and attacked anyone who didn't obey our rules?" Roll Eyes

It started with Core...

Quote

Confession time: I lobbed the RAM grenades earlier. Core nodes were sufficiently armored to repel the shrapnel. All's fair in cryptoanarchy.

https://twitter.com/lopp/status/856498402951090176

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: newIndia on April 23, 2017, 02:56:08 PM

Does BU has such logic?

The logic behind EC, as implemented by BU, ensures that no amount of confirmations is enough to secure your payment due to chain reorganizations (not that this is relevant to the 100 number).

Quote from: XbladeX on April 23, 2017, 06:48:37 PM

Will be nice to see BU fork away forever.

Ironically, those who claim to be "pro-users" and "pro-capacity" are the ones that are staling a capacity increase. Without BU, we'd be long within >1 MB blocks due to Segwit activation & usage.

Quote from: ReckLess.6 on April 25, 2017, 06:28:52 AM

This majority hash power supporting them may do rogue things to core chain and the only option left at that time will be to change the algo.

They can surely attempt that. Good luck explaining this behavior to anyone looking to join their chain (investment, development and any other kind of form of interaction). "Remember that time when we played dictators and attacked anyone who didn't obey our rules?" Roll Eyes

ReckLess.6

jr. member

Activity: 44

Merit: 16

Quote from: XbladeX on April 23, 2017, 06:48:37 PM

Will be nice to see BU fork away forever.

If they do, that might not be a sweet story for Core chain as well. Because BU will fork only when they have above 50% hash power. This majority hash power supporting them may do rogue things to core chain and the only option left at that time will be to change the algo.

Topic: Segregated Witness vs Bitcoin Unlimited vs Do Nothing (Read 3117 times)