Topic: What *is a Hardfork ? Defintion Of. and why BU is NOT a HardFork (Read 485 times)

Are you saying that there is no possibility that what happened to Ethereum could happen to Bitcoin? There is a good chance it will, I believe. The developers and miners with Core will never give it up and with that attitude the blockchain will certainly split.

Which they have already stated that they *will be doing so (listing BU as an Altcoin), hence this thread.. 

Hard fork really happens when more than 75% of nodes/miners/hash power successfully bypass the set rules of protocol, in our case the protocol states blocks larger than 1MB are not valid but if enough numbers of nodes/miners accept any block larger than 1MB nodes validating and not enough nodes/miners could compete and create a normal block and not enough nodes accept and validates that normal block to be added to previous normal chain of blocks then the network has practically experienced a hard fork (change of the set rules.
Right now if enough of nodes/miners running Core software switch into BU then they have gone rogue.

Every software/program update/upgrade is basically a hard fork but in their coding everything overwrites and deletes the old files but blockchain can not be overwritten and deleted and must continue to function.

After any splits people still can run Core wallets of older versions like 0.12/0.13 as long as those versions are compatible and didn't change the set rules(protocol) they can keep mining their own chain but it will depend on users and especially exchanges if they will list and give the BTC ticker to it or name it something else(an altcoin).

No it isnt.

It just shows that a lot of people do not understand what is happening.  "The" HardFork does not exist. 

Given the way that the BU ppl were going about it, it was always extremely likely that it would *never have existed. 
A attempted hostile takeover of the BTC chain was always going to cause significant problems that they chose to ignore.

There is no danger, and "The situation" is not becoming more serious.  Stop trying to give it credibility that it does not have.

The fact that there are more and more threads that has the topic on the hard fork should make us believe that it cannot be ignored any longer. When that happens it starts becoming more dangerous. Some are making fun of BTU now but the situation is becoming more serious than it was months ago.

Some posters challenged my earlier thread "No Hardfork will happen" by saying "How can BUCoin be listed as an Altcoin if there is no HardFork ?"

This makes it clear that some people have no idea what a "HardFork" is.

The definition from the Bitcoin Wiki - https://en.bitcoin.it/wiki/Hardfork

"A hardfork is a change to the bitcoin protocol that makes previously invalid blocks/transactions valid, and therefore requires *all users to upgrade."

Since the exchanges have clearly stated that *if BUCoin gains sufficient client support for them to list it- (*and they make add support to prevent replay spends, which seems unlikely at this point), then it will be listed as an Alt-Coin (BTU), and Bitcoin-Core will continue to be listed and operated (as BTC) with no-changes.

This means that BU (if activated) is *not a hard-fork.   It is an Alt-Coin.  Existing BTC users can completely ignore it, and continue on using BTC as normal, regardless of whether it reaches 51%, 75% or whatever.  

There is *no requirement for *everyone to move over to BU (or be left-behind on an inactive chain), as would be the case if an *actual HardFork happened and took-over the main BTC chain.

The BU Supporters and Fudsters hoped to replace BTC-Core by force of majority mining hashpower, and would like you to believe that they will do so - but it *isnt going to happen.

So to reiterate -

BU is at *best (IF they gain support by implementing Replay Prevention) going to be an Alt-Coin.  It is *not a HardFork.  
Feel Free to ignore it without risk to your coins.