When will BTC vs. BU be decided? - page 2.

uki

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Quote from: zimmah on March 27, 2017, 03:12:39 PM

Quote from: HabBear on March 27, 2017, 12:31:19 PM

Is it really? If they're both bitcoin why is there concern that people will flee bitcoin for BU? Why are there questions about how people will get coins on the BU blockchain? If it's a competition between which is going to continue on in the future they must be separate entities fighting for the same name.

If BU and Core are both bitcoin...what's trading when I go to Blockchain.info? Is it BTC Core or BU? Are there separate exchanges for BU?

If they're both bitcoin then no one should be concerned...obviously that's not happening right now.

Quote from: zimmah on March 27, 2017, 07:37:02 AM

BU is bitcoin. It's BU vs Core, not BU vs BTC.

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

Instead of a fork, creating (what sounds like) a separate currency. Why can't we all agree to halt trading for 48 hours or a week to allow the capability for greater blocksize to be coded in...i.e., increase the pipes to allow greater flow. Then after the agreed upon timeframe the exchanges open back up and transactions can resume.

None of that is needed.

You can change the code without needed to halt trade.

You can even write a rule like:

From block 500,000 onwards, blocksize will be 4MB.

Absolutely true and I bet that many people around knew that.
It is one of these easy stories that drop the market two floors down, when necessary.
I expected this story, or a similar one, to pop up again after the next leg up. And again, it will create a shitstorm for couple of days only to ignite a drop, with no real effect on Bitcoin development.

zimmah

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Quote from: HabBear on March 27, 2017, 12:31:19 PM

Is it really? If they're both bitcoin why is there concern that people will flee bitcoin for BU? Why are there questions about how people will get coins on the BU blockchain? If it's a competition between which is going to continue on in the future they must be separate entities fighting for the same name.

If BU and Core are both bitcoin...what's trading when I go to Blockchain.info? Is it BTC Core or BU? Are there separate exchanges for BU?

If they're both bitcoin then no one should be concerned...obviously that's not happening right now.

Quote from: zimmah on March 27, 2017, 07:37:02 AM

BU is bitcoin. It's BU vs Core, not BU vs BTC.

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

Instead of a fork, creating (what sounds like) a separate currency. Why can't we all agree to halt trading for 48 hours or a week to allow the capability for greater blocksize to be coded in...i.e., increase the pipes to allow greater flow. Then after the agreed upon timeframe the exchanges open back up and transactions can resume.

None of that is needed.

You can change the code without needed to halt trade.

You can even write a rule like:

From block 500,000 onwards, blocksize will be 4MB.

HabBear

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Is it really? If they're both bitcoin why is there concern that people will flee bitcoin for BU? Why are there questions about how people will get coins on the BU blockchain? If it's a competition between which is going to continue on in the future they must be separate entities fighting for the same name.

If BU and Core are both bitcoin...what's trading when I go to Blockchain.info? Is it BTC Core or BU? Are there separate exchanges for BU?

If they're both bitcoin then no one should be concerned...obviously that's not happening right now.

Quote from: zimmah on March 27, 2017, 07:37:02 AM

BU is bitcoin. It's BU vs Core, not BU vs BTC.

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

Instead of a fork, creating (what sounds like) a separate currency. Why can't we all agree to halt trading for 48 hours or a week to allow the capability for greater blocksize to be coded in...i.e., increase the pipes to allow greater flow. Then after the agreed upon timeframe the exchanges open back up and transactions can resume.

shannen87

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Quote from: york780 on March 27, 2017, 12:23:31 PM

Quote from: shannen87 on March 27, 2017, 12:08:20 PM

Quote from: SONG GEET on March 27, 2017, 11:50:44 AM

Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

-> Yes BU can be considered as failed attempt to fork healthy bitcoin network, started with spam transactions to create hypothetical block size problem.

-> Bitcoin have already started to pump hard, so i expect price to reach over $1200 within next week. Grin

Within this week it will scale back to $800, mark my words.

no, we brokenthe bearish 1000$ line. So up we go.

Wave 5 is up to $1080-1100 then back to $759-800 before he hit a new ATH only IF there is no HF. Because a HF will mean even $300 prices.

DeathAngel

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Why are you guys saying BU is dead? Don't get me wrong I support Core & hope BU does die but they still maintain & sizeable hashrate & number of nodes yes?

york780

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Quote from: shannen87 on March 27, 2017, 12:08:20 PM

Quote from: SONG GEET on March 27, 2017, 11:50:44 AM

Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

-> Yes BU can be considered as failed attempt to fork healthy bitcoin network, started with spam transactions to create hypothetical block size problem.

-> Bitcoin have already started to pump hard, so i expect price to reach over $1200 within next week. Grin

Within this week it will scale back to $800, mark my words.

no, we brokenthe bearish 1000$ line. So up we go.

uki

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Quote from: JimboToronto on March 27, 2017, 12:13:06 PM

Quote from: shannen87 on March 27, 2017, 12:08:20 PM

Within this week it will scale back to $800, mark my words.

Marked.

It would be a nice buying opportunity. Just bring it on!

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Quote from: shannen87 on March 27, 2017, 12:08:20 PM

Within this week it will scale back to $800, mark my words.

Marked.

shannen87

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Quote from: SONG GEET on March 27, 2017, 11:50:44 AM

Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

-> Yes BU can be considered as failed attempt to fork healthy bitcoin network, started with spam transactions to create hypothetical block size problem.

-> Bitcoin have already started to pump hard, so i expect price to reach over $1200 within next week. Grin

Within this week it will scale back to $800, mark my words.

SONG GEET

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Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

-> Yes BU can be considered as failed attempt to fork healthy bitcoin network, started with spam transactions to create hypothetical block size problem.

-> Bitcoin have already started to pump hard, so i expect price to reach over $1200 within next week. Grin

Castreat

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Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.
https://i.imgur.com/V9OK6Wt.png
https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

Some miners will support the BU. So they will move out of F2pool. We will find out in the next few weeks.

tk3609

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Quote from: shannen87 on March 27, 2017, 10:54:00 AM

Every single thing on this planet changes, upgrades, whatever name it.

Thats not a true statement. The things with most value are those that stand like a stone unchanged. The most expensive chocolate would be that one, thats reciepie does not change for hundreds of years and you, your grandfather and your grandchildren would eat a chocolate that tastes exactly the same.

If bitcoin defends from both segwit and bu, that should be a really good news and will attract long term investors.

shannen87

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Every single thing on this planet changes, upgrades, whatever name it.
Why not accept BU? Because some folks are going to lose the capita?
Why don't they thing that we need faster, cheaper BTC transactions in the future?
For me it's 100% normal to switch to BU like in a decade we must change to the new BU version 2 and going on...

tk3609

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Quote from: NeuroticFish on March 27, 2017, 03:33:23 AM

Quote from: Hamliss on March 27, 2017, 03:26:06 AM

Quote from: tk3609 on March 27, 2017, 02:19:37 AM

The same way BTC vs Bitcoin XT was decided, price will rise everyone is going to forget about stupid shit like forks.

This time could be real that there will be a hard fork. The market wants bigger blocks to accommodate the larger transactions.

No. The market wants the transactions be cheap and fast. The market doesn't give a beep on the block size.
While BU promises to solve the bottleneck on the blockchain (bottleneck clearly created by spam attack and many voices are claiming it's actually BU supporters that spam attack the network and create that bottleneck!), BU will not make transactions faster and may make Bitcoin network more vulnerable.
I am not telling that SegWit is the best solution, but at least it looks like a more future-proof attempt.
Good solutions need time, not silly wars.

Now, whose account is this? You just prove my point about FUD.

I could bite that theory, that they are spamming the network. Blockchain can proceed like half milion transactions a day and for me its more than enough. BU with cheaper transactions can also be spammed the same way, if not even easier and will create a lot of new problems. Lets face it, bitcoin is not a payment processor to buy pizzas, but rather a store of value and a hedge for falling governments. I also think that we don't need BTC to do everything and I'm happy if he had new crypto that would be great fast and cheap transaction processor and BTC would be a value to back it up.

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Quote from: mikenz on March 27, 2017, 10:04:28 AM

Quote

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

Come on! He just says there will be no fork without any reason. He doesn't point out why. He does not support SegWit. He does not say he won't switch to BU.
And his opinion on Core Devs you see a few lines below:

https://twitter.com/f2pool_wangchun/status/844726167575785472

It's possible to dislike the core devs, but dislike BU even more. In fact, I'd wager most of us are in that camp, to a certain extent.

mikenz

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Quote

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

Come on! He just says there will be no fork without any reason. He doesn't point out why. He does not support SegWit. He does not say he won't switch to BU.
And his opinion on Core Devs you see a few lines below:

https://twitter.com/f2pool_wangchun/status/844726167575785472

Teraboy

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Quote from: zimmah on March 27, 2017, 07:37:02 AM

BU is bitcoin.

It's BU vs Core, not BU vs BTC.

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

BU vs Core is really bad drama in my life, that's give a lot of the impact for the market. This such BU coin will be the other shit coin if that will be got release in the future. totally crap BUllshit.

Seansky

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Quote from: Emoclaw on March 27, 2017, 07:17:33 AM

Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

You can't just safely add BU with Classic and XT when it has 38% support. It's just 13% shy of a 51% attack.
It's possible for something like this to happen again.

It's safe to say that neither side will reach its consensus target, so it will be interesting to see how things unfold in the coming months.

It will really be interesting in the coming months and probably we will see more fuds to be spread around. The market in my speculation will experience a bearish up and down market in terms of price in the next coming months which will be profitable for everyone, so let's watch the news closely as the BU vs Core war happens because I think this war against hard fork will drive the price in the next coming weeks.

zimmah

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BU is bitcoin.

It's BU vs Core, not BU vs BTC.

BU and Core both are both bitcoin right now, so it's unfair to call the one bitcoin and the other not.

In fact BU even has more hashrate, so if anything, BU is the real bitcoin right now.

Emoclaw

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Quote from: talkbitcoin on March 27, 2017, 06:54:21 AM

if i wasn't 100% sure before that there will be NO FORK, i am 100% sure now.
i just read this myself on the wall observer topic so i am going to share it here also.

https://twitter.com/f2pool_wangchun/status/846266755391512577

with this we are sure that F2Pool which is one of the biggest mining pools out there, is not going to support BU and without them and many other miners who are not with them, we can safely add BU to Classic and XT and Unlimited,...

and as far as price is concerned we can expect $1200 pretty soon.

You can't just safely add BU with Classic and XT when it has 38% support. It's just 13% shy of a 51% attack.
It's possible for something like this to happen again.

It's safe to say that neither side will reach its consensus target, so it will be interesting to see how things unfold in the coming months.

Topic: When will BTC vs. BU be decided? - page 2. (Read 2275 times)