The Lunacy of BTU Supporters - page 4.

FiendCoin

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The devil is in the detail.

Quote from: kiklo on March 18, 2017, 04:37:20 AM

Also interesting that you are all so stupid that you don't realize that segwit & LN gives Blockstream complete control of BTC
by allowing them the Power to LOCK every single BTC in place onchain where no onchain transactions could take place for those coins and deny the transactions fee to the miners, ergo forcing them out of business. (Which is a stated Goal of keeping all transactions offline, if you read the LN Whitepaper.)

I'll be honest, I have no clue WTF you're talking about? Lock coins on the main chain so miners can't mine? Can you provide some proof? This sounds ridiculous.

Edit: BTW I'm against BTU for the stated reasons I have made, I don't care about the technicals, I care about the centralization in China. I am neutral towards Segwit, leaning towards being against it too and Core if they can't get their shit together. Honestly, I am against any small group getting control of Bitcoin and centralization anywhere.

thejaytiesto

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BUcoin will die and become a marginal coin, but make no mistake, the impact on bitcoin's network effect will be severely damaged after this, which is what state-funded Jihan Wu and Roger Ver want if they aren't stupid enough to naively think Emergent Consensus and so on works.

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?

PoS coins aren't safe as well, im not wasting time with those.

becoin

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Quote from: Kprawn on March 18, 2017, 10:09:52 AM

This is not about Bitcoin Core or BU anymore...

It has never been. BU psychopaths just don't care about Bitcoin or BU success, or XT, or Classic, or whatever will come after BU is gone. They only wish Bitcoin Core to be destroyed. Things are really simple. Out of 100 core devs there are couple of devs that feel insulted that they are not among 5 core devs hired by Blockstream. Just imagine what will some people say if Blockstream hired more core devs?

franky1

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Quote from: X7 on March 18, 2017, 10:11:46 AM

Ultimately if you are willing to support a centralised idea controlled by 2 individuals who use social engineering and fear to drive their agenda, with bad code. You need to reassess how you see the world.

oh your talking about barry silbert and adam back..

X7

legendary

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Let he who is without sin cast the first stone

A lot are paid off shills, some are miss lead and don't research things for themselves, others are just angry and support those who scream louder than they do.

Ultimately if you are willing to support a centralised idea controlled by 2 individuals who use social engineering and fear to drive their agenda, with bad code. You need to reassess how you see the world.

Kprawn

legendary

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This is not about Bitcoin Core or BU anymore... This is turning into a pissing contest to see who will be right. This whole thing started way before

BU were on the scene. All the craziness started with supposed censorship on /r/Bitcoin when XT were still the issue and it turned into something

more sinister. Even if Core came up with the perfect solution.... they will not get support from these people. This is being blown out of proportion

by some people paying shills to bad mouth Core. Roll Eyes

franky1

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Quote from: becoin on March 18, 2017, 09:53:48 AM

Certainly, I don't mind if someone decides to give me BUcoins for free. Whatever their price may be after the fork I'll sell them and increase my BTC stash.

knowing any dynamic proposition isnt going to activate unless majority..

leaving core to even become dynamic too or be the ones banning nodes to keep their minority alive.. your statement should also read as

"Certainly, I don't mind if someone decides to give me SWcoins for free. Whatever their price may be after the fork I'll sell them and increase my BTC stash."

becoin

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Certainly, I don't mind if someone decides to give me BUcoins for free. Whatever their price may be after the fork I'll sell them and increase my BTC stash.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

naughty1

sr. member

Activity: 406

Merit: 250

This is a very hot topic and is worth discussing at the present time. We need to give our own ideas, and learn the information. We need the right decision to develop bitcoin, I do not consider bitcoin core or bitcoin unlimit, what I need is its development. It has reached its peak and it needs to go up further, BTU appears to have a great influence on the BTC, the current value of the BTC severely reduced, it is difficult to imagine what will happen next. So I want to hear from you guys.

Tigggger

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Quote from: DomainMagnate on March 18, 2017, 05:12:58 AM

I am of the opinion that BTU will die a natural death very soon.

I concur, I think stalemate or a completely new proposal will win as I don't think either side is currently ready to compromise, and neither have the support currently to force through their version. It's impossible for segwit/ln to get 95% as it only takes one of the top ten pools to block. I suppose BU has an outside chance, but I don't see them doing anything until at least 75% are in favour that seems extremely unlikely and probably not even then.

Quote

Why would someone trust a centralized crypto as it defeat the very purpose of having a independent currency.

It's already centralised, sorry to break it to you.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Whoa, whoa I've been seeing a lot of BTU around and I have no clue what is it and what does it mean. From the OPs post, bitcoin is becoming centralized in China and the whole bitcoin is falling apart due to the elite controlling the bitcoin mining? Can someone explain it shortly? Thanks.

But damn, don't be so salty that Hillary/Bernie lost.

amacar2

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CryptoTalk.Org - Get Paid for every Post!

Quote from: DomainMagnate on March 18, 2017, 05:12:58 AM

Fall in btc price is not due to BTU as some people like to believe.It is nothing new to bitcoin.

Current dump on price seems to be a panic reaction due to FUD about bitcoin going to have hard fork created by bitcoin unlimited. BTU is just another alt and it may get listed in few trading platform as an alt but not as an bitcoin. Grin

Videodrome

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Free Julian Assange

Quote from: DomainMagnate on March 18, 2017, 05:12:58 AM

I am of the opinion that BTU will die a natural death very soon.Why would someone trust a centralized crypto as it defeat the very purpose of having a independent currency.
Fall in btc price is not due to BTU as some people like to believe.It is nothing new to bitcoin.

BTU is another coin so were is the problem?

in only one move we can fuck off all the chinese miner, is a good news guys.

DomainMagnate

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Activity: 602

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I am of the opinion that BTU will die a natural death very soon.Why would someone trust a centralized crypto as it defeat the very purpose of having a independent currency.
Fall in btc price is not due to BTU as some people like to believe.It is nothing new to bitcoin.

kiklo

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Quote from: Hazir on March 18, 2017, 04:52:09 AM

Quote from: kiklo on March 18, 2017, 04:37:20 AM

That none of you seem to realize,
that ALL PoW coins are SUBJECT to 51% Control by its miners,
Guess none of you ever bothered to read Satochi's WhitePaper on BTC. Wink

And you think that PoS coins are amazing and flawless? What about "nothing at stake attack"? PoS is essentially flawed by this.

I guess that community/miners might start to regret now, that they ditched SegWit, we could have easy and safe upgrade.
Because of FUD caused by hard fork drama price of bitcoin is crumbling.

PoS nothing at stake is just another lie made up by G.Maxwell to fool the stupid. (He is very good at tricking the below 115 IQs.)
I cover why it is a lie and a non issue for PoS coins
https://bitcointalksearch.org/topic/m.17135430
and
https://bitcointalksearch.org/topic/m.17136990

You can whine at me all day , and every community member can run a segwit node,
and guess what it won't matter because the miners are the only one with the 51% control to make the changes.
Maybe you should read Satochi & LN whitepapers so you won't be so stupid. Wink

FYI:
Segwit /DeadWit needs 95% to activate.
BTU has 30% of mining support. (Segwit has less support than BTU now.)
100-30 = 70%
Segwit has failed , and can never be activated. That is not FUD, That is MATH!!

FYI2:
BTC price was less than $500 in May of 2016, I guess you can't recognize a price bubble either.
BTU would fix BTC transactions capacity problem and lower those ever growing transactions fee, as of now it is pricing itself out of the markets.
IE: What others are saying.

Quote from: BitcoinNational on March 18, 2017, 01:50:21 AM

let me chime in my 2cents.

the beef is with hitting some BTC bench mark, right?

forget about it.

trade LTC, Doge, and UNO (if we ever come back online).

All 3 are due for a swing up. BTC is looking south.

BTC markets cost too much to trade.

Hazir

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★Nitrogensports.eu★

Quote from: kiklo on March 18, 2017, 04:37:20 AM

That none of you seem to realize,
that ALL PoW coins are SUBJECT to 51% Control by its miners,
Guess none of you ever bothered to read Satochi's WhitePaper on BTC. Wink

And you think that PoS coins are amazing and flawless? What about "nothing at stake attack"? PoS is essentially flawed by this.

I guess that community/miners might start to regret now, that they ditched SegWit, we could have easy and safe upgrade.
Because of FUD caused by hard fork drama price of bitcoin is crumbling.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: ebliever on March 18, 2017, 01:48:37 AM

I do agree that it is rather bizarre that BU supporters talk a lot about decentralization, but they are centralizing a great deal of power in the hands of a few mining pool operators and major miners, and putting miners in control of protocol options like blocksize rather than the dev community with inputs from everyone. That's a mistake. Miners are not a neutral party in the bitcoin ecosystem, and putting them in charge disempowers everyone else.

Funny,

That none of you seem to realize,
that ALL PoW coins are SUBJECT to 51% Control by its miners,
Guess none of you ever bothered to read Satochi's WhitePaper on BTC. Wink

Also interesting that you are all so stupid that you don't realize that segwit & LN gives Blockstream complete control of BTC
by allowing them the Power to LOCK every single BTC in place onchain where no onchain transactions could take place for those coins and deny the transactions fee to the miners, ergo forcing them out of business. (Which is a stated Goal of keeping all transactions offline, if you read the LN Whitepaper.)

But hell , as long as you make a few bucks who cares if you sell the Future generations down the river, by letting blockstream and the bankers control BTC.
I guess that is why they say , YOU CAN"T FIX STUPID!

Cool

FYI:
The above is why the miners will never activate segwit.
Segwit=> DeadWIT

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: ebliever on March 18, 2017, 01:48:37 AM

I do agree that it is rather bizarre that BU supporters talk a lot about decentralization, but they are centralizing a great deal of power in the hands of a few mining pool operators and major miners, and putting miners in control of protocol options like blocksize rather than the dev community with inputs from everyone. That's a mistake. Miners are not a neutral party in the bitcoin ecosystem, and putting them in charge disempowers everyone else.

Miners will never back a proposal that could cost them revenue in the future, nor should they as a for profit business. This is exactly why they should NOT determine what innovations make it into Bitcoin.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: Xester on March 18, 2017, 01:23:11 AM

Your whole write-up is good but there are just things that I would like to comment. The flaw that I have seen was the relation of BTU and core developers to the voters of America. That is quite a troublesome analogy, cryptocurrency is not politics thus its better if we stick to the current bitcoin issue than comparing it to the election mentality of the people. You have made a good point on taking up the bad side of Bitcoin Unlimited but the people behind it are not dumb and they are not the only ones who are trying to make bitcoin centralized but also the core developers. Both parties are doing it and thus nobody is going to let go of their pride and adopt a solution.

The problem is politics have crept into Bitcoin and so has power centralizing in the hands of an elite few. I'm not advocating core but if I had to chose between them I would pick core over BTU any day. Personally, I'd rather see another solution everyone could get behind and the lead Devs not be affiliated with a company that could cause conflicts of interest.

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