The Lunacy of BTU Supporters - page 2.

Yutikas_11920

hero member

Activity: 714

Merit: 500

Quote from: mr.mister on March 20, 2017, 06:16:16 PM

I would highly recommend that if you are against BU, pull out of all the exchanges that support it. Don't give them the business. For example Hashnest, and the Antpool. They are heavy supporters of BU, and have gone as far as to call core supporters crazy. Fuck that Chi*k

Hmm, it is now supported by many BTU'S most exchange trusted or already established since long. But it's also not necessarily generate or deliver the best for the future, for all the things that exist in the exchange depends on the devotees, if indeed BTU realized and only have smaller audiences of the future then bitcoin will also only and it will not give effect on prices and the growth of the bitcoin

mindrust

legendary

Activity: 3276

Merit: 2442

Why are you so upset? Let them fuck off as soon as possible along with their companies. Let them mine their own shitcoin. Nobody with a brain will buy their product anyway. Without a consumerbase they won't be able to survive. If they are so much cancer, they better leave us asap. I say, let's support BU, sooner we dump them, better it is.

Diegox

full member

Activity: 329

Merit: 147

I support BU and I think it's the best choice for the network.
Also happy to see how weak hands dumped BTC Cheesy

You will be buying back BTC for 1500$ and BTU for 2000$ in few months.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Tesorex on March 21, 2017, 12:36:43 AM

If BU forks the network there will be no coming back to main chain later, they will lose their grip if stop mining on main chain for more than 10 minutes.

Hmm,
that is not how it works.

When BTU get 55% or higher , after they maintain that for ~2 weeks, Sometime in the next two weeks (this is when you need to update to BTU or get left behind),they will release a >1 mb block, Core clients will not recognize that block and then fork off, while BTU continues on with a higher Hash rate and finding blocks faster, shortly after that >1mb block , a updated BTU wallet will be released with a Hard coded checkpoint that forever denies any reorgs before that larger block.
This means even if all of BTU shut down , Core is Forever Locked out of the BTC Blockchain, unless they update to BTU Code accepting larger blocks.
Only then can they renter the Bitcoin blockchain.

Cool

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: jonald_fyookball on March 20, 2017, 02:06:01 PM

Right... You can use computational power to do this, but it is exponentially cheaper than mining, totally outcompeting those who play the game honestly. If taken to extremes, and everyone starts throwing massive computing power to game the system, then your supposed PoS system turns into PoW indirectly, which kind of defeats the point of PoS in the first place.

Everything is cheaper than ASICS Mining, the N@S Lie states that no addition resources will be required.
Clearly you can see the CPU increased requirement, you are forgetting the Memory Ram Requirements, may increase by the factor of the number of Forks.
All of those will draw more energy. Your Costs will increase for absolutely no reason with No real Increase in Rewards.

Your Reward rate will be the same whether you multistake or not, the block of coins will then deactivate until it reaches minimum stake age.
The Fact is , if you are able to stake on multiple forks, you would have staked on the main fork and added to its difficulty without Negating it by multistaking, and all of the rest of the multistaking nonsense is a waste of time.

The N@S lie has been out for a few years , where are the multistaking clients?
There are'nt any, because they don't really give you the advantages you think they do.
Just another one of G.Maxwell lies,
The Nothing at Stake Lie
or
The BTC can't increase transaction capacity without segwit Lie

Both are lies, when you look at them closely.

Cool

FYI:
If the Nothing at Stake Lie were True ,
Why isn't G.Maxwell crushing Blackcoin, or Diamond or Navcoin, by exploiting the N@S, the reason is he can't because he lied! Tongue

Tesorex

full member

Activity: 204

Merit: 100

If BU forks the network there will be no coming back to main chain later, they will lose their grip if stop mining on main chain for more than 10 minutes.

AliceWonderMiscreations

full member

Activity: 182

Merit: 107

I know I am not a normal person.

I do support BU. Am I a lunatic?

Well there are several indications that I might be.

I'm a heterosexual male with a masculine name yet I like to be called Alice.

I would rather look for frogs and snakes than mingle with people, often ending up covered in snake musk with mud around my pant legs, and then wonder why the chicks I do try to mingle with avoid me.

I get stuck on a concept, not as in can't understand it, but can't stop thinking about it to save my life.

So yes, I suppose many would classify me as a lunatic.

That doesn't mean I shouldn't have a voice or that my opinion is worthless. Only bigots thinks that way.

mr.mister

full member

Activity: 302

Merit: 100

I would highly recommend that if you are against BU, pull out of all the exchanges that support it. Don't give them the business. For example Hashnest, and the Antpool. They are heavy supporters of BU, and have gone as far as to call core supporters crazy. Fuck that Chi*k

plexasm

jr. member

Activity: 95

Merit: 4

Eventually Bitcoin will need to change the PoW algo to an ASIC-resistant one. People like Jihan are simply too dangerous to the space once they own the amount of hash power he does.

Miners should get 3-4 years of notice before this happens however.

leopard2

legendary

Activity: 1372

Merit: 1014

I doubt that Roger Ver is supporting the Chinese government though... Cheesy

andron8383

sr. member

Activity: 333

Merit: 250

Quote from: kiklo on March 20, 2017, 12:34:29 PM

***
FYI:
The fact is if someone pissed off the combined 67% of Chinese Mining Pools,
they could 51% attack the BTC chain all day, and that is not theory, but the reality we live in.

All cry BTC is decentralized but is HIGH centralized in mining and any changes have to go truth that centralized miners Chinese government Cheesy

cool.
Allso ASICs bring new era of centralization and monopoly on market.
THey called Asics "security" now those Asics are putting gun on users head.
Lucky users have place to go in alts which are evolving.

If some morons believe that high hash rate makes BTC price are so DUMP or Retarded
BTC price rise because there is USER demand for BTC and price attract new miners.
If price was dictated by miners that will never fall down and why have like 2 years corrections then.
Some miners logic is mind blowing.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: pbleak on March 20, 2017, 04:17:30 PM

Heh on the last point. I suppose what I mean is they could have looked around for someone high end or even outside Bitcoin but with exceptional skill for the job.

The code must not work. Well, it must work like the old core code, and say it is "BU". That's all that it must do. There doesn't need to be any really working BU code inside. Just old core code, that doesn't signal that way.

pbleak

legendary

Activity: 924

Merit: 1001

Quote from: dinofelis on March 20, 2017, 04:16:03 PM

Quote from: pbleak on March 20, 2017, 04:04:23 PM

It's an odd situation.

OK, one can admit that the pools are heavily centralised and the miners have exceptionally sway.

Yet, one must also surely admit it is odd that BU is essentially developed by Stone, a guy with about 100 twitter followers, and most of the discussion on its forum is pretty light.

You'd think with the Chinese money - and other sources... - they could hire 10 real world devs?

No, because they don't need it. Just any code that counters segwit is good enough. They will never activate it.
That said, measuring people's capacity to modify a code by the number of Twitter followers is doubtful. Wink

Heh on the last point. I suppose what I mean is they could have looked around for someone high end or even outside Bitcoin but with exceptional skill for the job.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: pbleak on March 20, 2017, 04:04:23 PM

It's an odd situation.

OK, one can admit that the pools are heavily centralised and the miners have exceptionally sway.

Yet, one must also surely admit it is odd that BU is essentially developed by Stone, a guy with about 100 twitter followers, and most of the discussion on its forum is pretty light.

You'd think with the Chinese money - and other sources... - they could hire 10 real world devs?

No, because they don't need it. Just any code that counters segwit is good enough. They will never activate it.
That said, measuring people's capacity to modify a code by the number of Twitter followers is doubtful. Wink

pbleak

legendary

Activity: 924

Merit: 1001

It's an odd situation.

OK, one can admit that the pools are heavily centralised and the miners have exceptionally sway.

Yet, one must also surely admit it is odd that BU is essentially developed by Stone, a guy with about 100 twitter followers, and most of the discussion on its forum is pretty light.

You'd think with the Chinese money - and other sources... - they could hire 10 real world devs?

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: kiklo on March 20, 2017, 01:01:17 PM

Quote from: FiendCoin on March 20, 2017, 12:55:42 PM

I'm not reading through all that shit, if you can't quote the relevant parts here don't bring it up. Please provide proof to your arguments, go look it up is a bullshit answer.

Dumbass that link was the short version, go play with your Legos.
Sorry you have proven yourself too stupid too comprehend. Tongue

With your low IQ I know you may have a hard time understanding this so I will put this into words your pea brain may be able to comprehend...

Listen up dipshit, back your shit up or get the fuck out.

I'm not doing your work for you. You want to win people over to your side, stop being an asshole and make compelling arguments with evidence not bullshit speculations or whatever it is you're trying to say. Being an asshole and name calling is not going to win you more supporters. However, If that is how you want to proceed I can oblige you numbnuts.

Quote from: Variogam on March 20, 2017, 01:01:30 PM

Quote from: thejaytiesto on March 18, 2017, 10:59:16 AM

This is a direct attack into bitcoin. Bitcoin chinese mining centralization was always a problem, we should have never allowed ASICs to happen. The only solution I see now is to change the PoW algo into something else that invalidates Jihan's ridiculous monopoly, but then again, who is to say new ASIC-like technologies will not arise causing the monopoly all over again?

Stop spreading misinformation about Chinese mining centralization. Mining is spread over the whole world, estimated 100.000 small miners included. If you look at Antpool pool servers, half of the hashrate going from China, the other half from USA. If you mean centralization of ASIC production, then we should replace all computers as well because all computer component production is centralized as well. The only attack on Bitcoin is the one comming from the ones who argue to change Bitcoin PoW.

Antpool is ran by Jihan Wu who also runs Bitmain, both from China. I don't care if Antpool has a mine set up on the moon, its still centralized in China. Just because some mining equipment may be hosted outside of China does not mean its decentralized, the people still behind it are from China. How the hell can you defend that as decentralized? You fucking shills are something else Roll Eyes

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: kiklo on March 20, 2017, 12:59:23 PM

Quote from: jonald_fyookball on March 20, 2017, 12:44:01 PM

well if you want to turn this into a NaS thread, i'll play along until I get bored.

here's a snippet of your argument:

Quote

Which means by trying to stake on both blocks at the Same Time, all he did was Negate his Staking Power by adding to Both

This is like saying having 2 raffle tickets negates each other since you can only win once. (You still have twice as many
chances to win as the guy with one raffle ticket.)

IOW, when you attempt to stake on multiple forks, you're not negating your own staking power, you're simply giving yourself
more opportunities to be on the winning chain.

See that is the other issue why only 2 forks, every fork gives additions forks.
Each fork would hold the opportunity for another fork.
Like so
Fork
2
4
8
16
32
64
128
256
512
1024
2048
4096
8192
16384
32768

That is only 15 blocks, and you guys think that won't draw more resources. Cheesy

Right... You can use computational power to do this, but it is exponentially cheaper than mining, totally outcompeting those who play the game honestly. If taken to extremes, and everyone starts throwing massive computing power to game the system, then your supposed PoS system turns into PoW indirectly, which kind of defeats the point of PoS in the first place.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: MissGrey on March 20, 2017, 01:03:07 PM

If we think better about the consequences of BTU, we would realize the best is not to activate it, here is an article about possible consequences called A fork in the road, by Vinny Lingham

Man , are you serious?

1. He is Segwit's Bitch because he is frighten of a hard fork

Put on your Big Boy Pants, and get ready for BTU.

Quote

I’m not going to go into the technical details around this debate for this post

Quote

let’s please just adopt Segwit.

Segwit supporters have resorted to Begging, Sad , Pathetic and Lame.

Maybe if he squeezes out a tear , because his jammies don't fit.

Cool

MegaDice

member

Activity: 143

Merit: 10

Bitcoin Dice - Megadice.com

Quote from: davis196 on March 18, 2017, 01:13:03 AM

So this BTU thing causes the bitcoin price to decrease. Sad

I`ve never been vary familiar with all this block size,scaling,LN,blocktream shit,but it`s obvious that some people want to profit from destroying bitcoin and replacing it with some fake altcoin pretending to be btc.

Satoshi had no block limit in the initial version and was later talking about increasing block limit gradually on this very forum. Bitcoin allowing bigger blocks isn't exactly "a new altcoin".

MissGrey

full member

Activity: 201

Merit: 194

If we think better about the consequences of BTU, we would realize the best is not to activate it, here is an article about possible consequences called A fork in the road, by Vinny Lingham

https://vinnylingham.com/a-fork-in-the-road-70288fd3c046#.e5beuqhoc

Topic: The Lunacy of BTU Supporters - page 2. (Read 3472 times)