Why Does Anyone Think BTC Splitting into Two Will Make BU Go to the Moon? - page 2.

alyssa85

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Quote from: tokeweed on March 27, 2017, 12:59:16 AM

I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two.

Not really. Ether split into ETH and ETC, and after a bit of turmoil, ETH has fully recovered in price, and ETC isn't doing badly either in terms of volume, people made money from the fork as they got two coins.

If BTC splits, the market can then choose the one they want to use. I suspect the fees on the Core one will make it less popular.

Denker

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I don't think that after a split that BU would moon. Because right now a split could only happen via a contentious hard fork. And with that BU might have more hashpower than the Core chain, but the economic majority, and that is what counts at the end to have a valuable token. You need a community who wants to use it. I can not see this happen with BU. Furthermore who wants to have a president, secretary and so on for a decentralized currency? No no no. With a split both chains will get hurt. But over time one will probably die or at least be worth almost nothing. And I'm sure this would be BU.The innovation, passion, skills, experience and majority of users and businesses, exchanges and wallets is with Core! Miners will mine in the long run want brings them most profit! This will be with Core as well.

Grinder

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Quote from: tokeweed on March 28, 2017, 12:31:24 AM

How can you say that? The hard fork can't happen if Bitcoin Unlimited doesn't get at least 75% of the total hash power.

Yes, it can, because the BU developers are not very good at what they do. They have already caused a split once by making a broken block that was only valid with their client. If they had more than 50% of the hash power then the Core chain might never have caught up with it and the split would have been permanent.

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Quote from: tokeweed on March 28, 2017, 12:31:24 AM

Quote from: amacar2 on March 27, 2017, 04:37:17 AM

If there will be network split, many will dump all their free BTU when it get listed which will just pump the real BTC to the moon.

BTU will be another dead cow instantly after getting listed as just another altcoin Grin

How can you say that? The hard fork can't happen if Bitcoin Unlimited doesn't get at least 75% of the total hash power. And if it does there's only a possibility of a split if the supporters of Core continue mining their chain and become the minority.

So how can one say that BU has no value and should be dumped if it has the majority of hash power?

and succumb to the will of the chinese overlords?

never!

tokeweed

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Quote from: amacar2 on March 27, 2017, 04:37:17 AM

If there will be network split, many will dump all their free BTU when it get listed which will just pump the real BTC to the moon.

BTU will be another dead cow instantly after getting listed as just another altcoin Grin

How can you say that? The hard fork can't happen if Bitcoin Unlimited doesn't get at least 75% of the total hash power. And if it does there's only a possibility of a split if the supporters of Core continue mining their chain and become the minority.

So how can one say that BU has no value and should be dumped if it has the majority of hash power?

AlexM

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If there is a hard fork to BU then BU has to spend all of its resources killing off the Core chain (they have a $100m kitty for doing this). BU have to do this as if they let a core version of Bitcoin survive everyone will use it. BU is paid social media trolls in USA and a few Trump supporters mixed in with some big Chinese miners (who may be trying to kill Bitcoin on behalf of the Chinese government, or may just be greedy.).

Either way Bitcoin will not split like Ether did, as our attacker know if that happens they (BU) become ETC and Bitcoin stays as Bitcoin.

SONG GEET

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Quote from: Quartx on March 27, 2017, 01:20:54 AM

Although technically, from being non existent to having value, you can argue that it's value has grown by infinity, lol

Bitfinex have opened trading for this hypothetical tokens here https://www.bitfinex.com/cst_token_terms
They are trying to create price for a coin that haven't existed till now and it is likely that we will never see them getting any success in future.

Talking about hypothetical price of BTU it is only around 200$ and it will not be going to moon for sure. Grin

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Quote from: tokeweed on March 27, 2017, 12:59:16 AM

I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two. Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments. Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama. And worst of all the uncertainty of BTC's future.

no one said what you are saing in this thread, everyone think that the split is bad and cause a bad price and the investors are dumping the value of bitcocin because they also think this, a split can in fact cause everyone to have double the amount of coins, and this mean everyone will rush to dump his free coins, causing a big dump in the market

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Quote from: amacar2 on March 27, 2017, 04:37:17 AM

If there will be network split, many will dump all their free BTU when it get listed which will just pump the real BTC to the moon.

BTU will be another dead cow instantly after getting listed as just another altcoin Grin

Each branch has its heavy weight supporters. The dumping will be heavy in both BTC and BTU.
Ultimately, one of them will emerge as the clear winner.

BTCLovingDude

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BTC to the moon is inevitable...

people say all kinds of weird stuff when they are online, so many say things that are completely random just to have said something and mostly there are signature campaigners repeating something they have read somewhere.

in the end we can not even say/predict anything about the future. whether there is a split or not, it is not clear now it depends on so many different factors and so many different decisions.

miners aren't fool enough to take risks of a "split" they won't switch without being damn sure there will be no danger for them. what most people forget is that miners are making money this way, it is not a hobby.

TLDR split is highly unlikely.

ArdiPrabowo

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bitcoin unlimited issue not bitcoin price go the moon
you can read bitcoin price in market, after BU release in issue , bitcoin price is down price

amacar2

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If there will be network split, many will dump all their free BTU when it get listed which will just pump the real BTC to the moon.

BTU will be another dead cow instantly after getting listed as just another altcoin Grin

Semuda

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This is an intent from the Bitcoin Unlimited fools to chill out to gain support, by promising that if they follow them all their biggest dreams will get fullfiled.

Pursuer

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Quote from: tokeweed on March 27, 2017, 12:59:16 AM

I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two. Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments. Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama. And worst of all the uncertainty of BTC's future.

well as a merchant you really don't have anything to worry about. you are making an assumption because you are not a merchant.
most of them are accepting bitcoin through services like Bitpay and they receive money most of them time not bitcoin and it is an easy thing to do. and even if they are accepting it directly without any third party in the middle, there is still no need to worry about anything since nothing has happened yet and from what we can see so far nothing will happen either.
and also I should add that if any split happens it should be with consensus as everyone has been saying. and in which case there will be no other chain. there will only be one overwhelming majority.

Quartx

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If you are a typical merchant who has been accepting payments using a bitcoin payment provider like bit pay or coinbase for months or years, you pretty much do not need to worry about the fork, the providers will handle it, they will either ask you to change to accept one or the other, that or they will simply continue accepting payments from the core change or force you over to the bu chain. I have not seen many that say bu will go to the moon. Although technically, from being non existent to having value, you can argue that it's value has grown by infinity, lol

xypos

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Quote from: tokeweed on March 27, 2017, 12:59:16 AM

I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two. Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments. Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama. And worst of all the uncertainty of BTC's future.

I don't see how it would be bad for BU at all no matter what happens because right now there is no "BU" coin and that will only happen after the fork. Once the fork happens, BU will carry a value. Right now it doesn't.

However the concern is very legitimate. Bitcoin price combined(BTC+BTU) will probably drop a bit after the fork happens, which is bad.

As you said, bitcoin's future is uncertain right now.... Would be nice if we could just get this over and done with.

tokeweed

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I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two. Some people who are following the space could see this as a weakness and another reason not to start investing or accepting BTC as payments. Imagine if you were a merchant and you have to go thru and be involved in this sh*t, with all the debates and the drama. And worst of all the uncertainty of BTC's future.

Topic: Why Does Anyone Think BTC Splitting into Two Will Make BU Go to the Moon? - page 2. (Read 1757 times)