Bitcoin Forum

Mining mogul Jihan Wu single-handedly crashes the Bitcoin price by supporting BUcoin.

Dumb low IQ Roger Vermin and the rest of delusional BUcoiners celebrate that Antpool mined some BUcoin blocks. Just hours later, the price crashes into oblivion.

The Powers That Be failed to hack bitcoin, but they might as well kill it by good ol "divide and conquer".

Good job, Jihan, now you'll soon be emperor of a worthless token.

Jihan is obviously a cancer for bitcoin, the problem is, how to get rid of it without killing the entire project in the process.

I still don't understand UASF, since the node count can be easily gamed. What else can be done?

If you believe that, how in the world is Bitcoin decentralized when one person can crash the price?
Is China really in control?

Of course this is nonsense that Jihan Wu crashed the price. A few weak hands sold off, good riddance! These weak hands don't understand Bitcoin anyway.

I am glad he's done with Bitcoins, his ideology is really messed up and I don't think Bitcoin will have a great impact because of him, look at his tweet and then he says he will continue to mine empty blocks. Like what in the world would a sane person do it, I agree him supporting the bu is a setback but I feel Bitcoin is strong enough to move on and I am sure the community will find some solution to this, but I feel overall it's a good riddance, such people with such ideologies do not deserve a part of the Bitcoin community.

I`m pretty sure that most of the miners don`t care about bitcoin,they care only about their profits.
If they can make more profits with some shitty altcoin,i`m sure that they would leave bitcoin immediately.
The "divide and conquer" strategy won`t work against bitcoin.

You Poor little Segwit Shrill,

The Fact BTU is going to finish off the last of segwit too much for you.

Go get some therapy and grow up.  :D

 8)

FYI:
BTC Price is still above $1200 , so I don't know why you are crying like a little bitch.
More Fake Propaganda from you segwit whiners.

Proof-of-work: miners' interests are not aligned with interests of users. They are two different groups of people.


Proof-of-stake: users hold tokens and secure the network with the staking power of tokens. They are the same people.

Wow bitcoin price really did go down. I just opened my bitcointalk.org account and I had come by into this topic then after reading I checked my wallet address and the equivalent in dollars. It has dropped down by almost 40 dollars. Hope bitcoins price will increase again and hope those bad news will stop coming in. But 40 dollars is not that huge and so there is no need to panic.

UASF is a hard BILATERAL SPLIT

real funny thing is blockstream know Soft consensus failed them
but instead of doing the next best thing. a hard CONSENSUS.. they are wanting to jump straight to the thing they prtended going soft would avoid.. going for hard bilateral split.

shows how desperate they are..

just remember one thing. segwit RULES do not fix the network.
people can just avoid using segwit priv/pub keys and continue using native priv/pub keys and still do sigop quadratic spamming and malleation. even if segwit was activated as a soft consensus, soft bilateral, hard consensus hard bilateral.

in short segwit is an empty gesture that will never meet its promise.

the desperate moves by blockstream to go full 'wetard' and jump straight to hard bilateral rather then give in and do what the community want(hard consensus).
and the desperation of gmaxwell to beg the community to go bilateral.
along with his sheep script readers desparately trying to make it sound like its not blockstream that want bilateral splits... reveals that blockstream want be be centralist controllers rathr then going hard consensus and just being on the same playing field as non blockstream implementations

Run a custom Bitcoin client that refuses to relay blocks that don't support Segwit.


Not playing with these people, I would be perfectly happy to kill Antminer, Antpool and any others who want to treat the activation mechanism as a political tool.

WAKE UP
it was blockstream that bypassed user consent by going soft!!!
now they want super hard bilateral.
again avoiding safe hard consensus which is what the general community want

Note that BU big blockers have started to palpably shit themselves about my suggestion.


I suggest we do it, Jihan Who can go into the paperweight business instead

If anyone Bothers to look at the Markets the Sell Off is happening across Multiple Coins, not only BTC

The 1 Constant is the Other market is the CNY pairing, so the Chinese are cashing out of almost everything.
Except if you look at the LTC/CNY Markets, the Chinese are buying up LTC.

Coordinated sell off attack from the looks of it.  ;)

 8)

Don't cry kiklo ;D

It's time to create the SegWilful client :)

You are a Dumb Ass,

Segwit has less than 30% , they can't do shit and your lying ass knows it.


 8)

BTC could drop to 1 Penny, would not faze me.

Bet you can't say that.

 8)

FYI:
Moved the Bulk of my funds to US $, right after Trump got elected.   :)

Into oblivion?

Less than $100, I've seen worse.

We lost the ATH and BTC being higher than gold, but not a total collapse because they are in sight

Why blame miners alone?even we the bitcoin users are more concerned about its price.
What reason do you have to justify mass storing or holding of bitcoin?
We need services and goods that can be bought with bitcoin, jobs that are paid with bitcoin but volatile price of bitcoin prevent its growth.

Wu have been supporting BU from the start and now the crash in price create a panic among the users. Now once again a sudden increase in circulation happens causing delay in transaction confirmation with the increased traffic on the selling. Right now nothing can be done as the segwit has gained around 30% support from the miners.

"Officially" getting Antpool definitely scores for BU, but if it has been always clear communicated positions this rage-dump should be short tempered and short lasting in result. Markets allready back on a rise again.
Hashrate did not even react.

another very questionable topic from this user full of false information.
i am not getting in the middle of the BU vs Segwit shit but as far as price is concerned the FUD that people like you spread is causing the drop. whales dump then they spread FUD and idiots start selling afterwards. nothing to see here that is new.

Damn very unfortunate . Guess it is time to sell mine

How much you selling?  :)


 8)

You're wrong

If non-Segwit blocks are not relayed at all, the 30% of miners that do make Segwit activating blocks becomes a larger proportion of the network automatically, as the non-Segwit miners effectively don't exist on the network, because they can't get their blocks on the chain.

Miners will soon either change their minds (some large pools like F2Pool have said they would support Segwit in the future anyway), or be put out of business mining nothing.

Problem solved. Let's do it, IMO

what UASF (realname HBS (hard bilateral split)) is offering is that nodes become political by rjecting blocks not based on rules. but based on which 'team' a block supports.

im laughing hard that even the "backward compatibility" promise is falling apart by actively blocking native blocks by blockstreamers.

three word: desperation to centralise


P.S
the exaggeration that antpool jihan is full on BU can be easily dismissed

456112    0x20000000    AntPool    Mined by AntPool xz0 5 XcS

456097    0x20000000    AntPool    Mined by AntPool usa4 #Y*J X'f*
456094    0x20000000    AntPool    Mined by AntPool usa2 ' X#K
456089    0x20000000    AntPool    Mined by AntPool bj11 ` X%Y
456081    0x20000000    AntPool    Mined by AntPool bj11 ` X)x
456080    0x20000000    AntPool     Mined by AntPool usa2 ' X
}
456065    0x20000000    AntPool    Mined by AntPool usa3 Ϩ X d\

456064    0x20000000    AntPool    Mined by AntPool xz0 5 Xk
456060    0x20000000    AntPool    |Mined by AntPool usa4 #Y*J X^!iJ
456057    0x20000000    AntPool    yMined by AntPool usa2 ' Xقc
456042    0x20000000    AntPool    jMined by AntPool usa3 Ϩ XҢ?Q
^ no sign of BU spport

456092    0x20000000    AntPool    #Mined by AntPool wy/EB1/AD6/ X
w
456058    0x20000000    AntPool    z#Mined by AntPool bj8/EB1/AD6/) XmmWb<r"%]84CK2Z"U0
456040    0x20000000    AntPool    h#Mined by AntPool bj8/EB1/AD6/) XmmmxR7]ª"{M9ť}-YC    
456039    0x20000000    AntPool    g#Mined by AntPool bj5/EB1/AD6/ Xnmm:d"QN5˞[J,g<mg D

^ sign of BU support

as you can see even inside "antpool" there is still indecision either way. so stop scrapping the bottom of the barrel, looking for fake doomsdays just as a excuse to create a create doomsday by allowing blockstream lovers to bilaterally split the network rather than work WITH network consensus

I welcome any other Bitcoin trolls to express quite how badly they are soiling their underwear :)

Antpool still pumping out full blocks. So what did they do, mine a few BU blocks just to test that they would get rejected by current consensus network? Is the OP just trying to create FUD to create a few instant uninformed panic sellers?

Son, how stupid can you be?

~70% of the Miners are going with BTU or ignoring segwit altogether, they are not going to block BTU blocks, and BTU won't send out Large blocks until enough miners join them, see they are looking for consensus , Segwit is looking for domination, which is why segwit has failed.  :D

 8)

FYI:
Go ahead and try your proposal , I know you can't get shit done, but I can point and laugh at you while your pretend you matter in the least.  :D

Talk is cheap. Prepare to get forked

That's bullshit, go back to r/BTC to spew out youre daily FUD.


Having fun, spreading so much FUD like Franky1?

LOL read the code. learn it
native keys will still quadratic spam.. all segwit does is disarm the segwit priv/pubkey users that voluntarily move their funds to segwit keys from being able to quadratic/malleate.. but doesnt disarm the native key users.
segwit doesnt disarm the network. meaning soft or hard consensus or bilateral. segwit will never be able to achieve the quadratic/malleation fix promise

they cant even just switch off native key utility after activation either because there are millions of unspent outputs based on native keys and for segwit to even work would need to allow those native unspents to be spent.

segwits 'malicious bloat/doublespend fix' - empty gesture that wont work (requires 100% funds on segwit keys and only transacting to other segwit keys)
segwits '2.1mb boost' - empty gesture that get to that expectation (requires 100% funds on segwit keys and only transacting to other segwit keys)

all segwits ability does is move blockstream to being the centralised "upstream filters"

Fork Away Buttercup!!!   :D :D :D


 8)

They are all brainless people who support BU, it is obvious that BU will crash the bitcoin's future and price. SW is the best solution and provides many super features.

Hey, you can take your dumb ass to CB's house and play segwit butt buddies for all I care.

Try and help CB find that fork he keep promising.  :D


 8)

BTU fixes the transactions issue, segwit lets LN steal the transaction fees from the Miners.

The only dumb one is segwit supporters that think the miners are going to give up their jobs, just because you are too stupid to grasp what is really happening.


 8)

prove it!
explain how it actually achieves fixing quadratic sigop spam 100%
explain how it actually achieves fixing malleated tx's 100%
explain how it actually achieves the 2.1x txcount boost

read passed the 30 second sales pitch script you have been handed and actually read the code/small print. you will start to see the holes in the promises

The future vision of the bitcoin network and the total size of the blockchain for the BU fanboyz is outstanding
oustandingly non-scientific and non-intelligent.
What an intellectual shame

Bitcoin price crashed?  ???

Newbies, kind of lame of you to all be CB.  ;)

Comeback when you grow up and learn how to think, goes for you too CB.  ;)

 8)

If you want sir, will be a pleasure to dump all my BUllshitCoins when the chain will split
But I'm disappointed that everybody in the community can't understand fundamental problematics and imagine a reasonnable consensus ::)

Yes ,
Dump all of your coins as soon as possible, so you can learn a valuable lesson,
when you put all of your eggs in one basket, sooner or later someone trips and all of your eggs are gone.
Since you are a newbie, I used a kindergarden example.  ;)

 8)

FYI:
Bitcoin Unlimited is Consensus
Segwit is Totalitarian Domination , learn the difference!

Can't wait to insta dump useless BTU and double my BTC holdings, just like I did with the ETH/ETC situation. That's all good BTU will be good for, free coins.

Hashing rate will follow price and Jihan Wu will continue mining Core and BTU holders will be left looking like idiots.

I won't even consider a BUcoins as a valid altcoin in fact  ;D
I'm agree with you for the story of the eggs but like i said i don't consider the solution of BU as viable for mid-term long-term view due to the blockchain size problem that will result
nothing more
And i don't use rhetoric to try to convince someone  ::)

and after you double spend....?? ??

oh..
you will still see sigop bloat and blocks that dont reach the 2.1tx count and you realise the promises have not been met..

then you are back to where you all were before... begging to get the spam down and tx prices down just be able to actually withdraw your double spent funds...
realising you spent a whole year believing in something thats just an empty gesture

Well you better help CB pull that fork out of his butt to make it happen.

Funny you guys think the 30% will have more power than the 70%.
You all must have went to some crappy schools.
But at least others will profit off of your stupidity.   ;)

 8)

FYI:
I guess,
I should tell you that 31% of the BTU & nonvoting could at any time rewrite a chain created by your pathetic 30% , but I know you guys are just too stupid to get it.
While leaving 39% protecting their BTU & nonvoting chain , while decimating segwit's chain.  :D

Well you are ignoring my Rhetoric, and Franky1's Facts .
You ignore all of the important stuff.
That is why you are going to lose your shirt in BTC investing.

 8)

FYI:
I throw some details in my rhetoric, shame you were not attentive enough to pick up on them.

Like So

As walts too much drama with forks and fees. Price will be up shortly after few nubs stop selling.

This has become a circus, dump gold(BTC) and other precious metals(ETH-XMR-DASH) and go all in silver(LTC).
Zoo animals:

1-BU will rule.
2-SW for the life.
3-Fork it.
4-Don't fork it.
5-Do a soft fork.
6-Do hard fork.
7-Do both or I don't know what I'm talking about, bilateral soft consensus, hard segwit failed, soft orphan drama/dead.
8-I don't know what's going on I was just passing by and thought to stop and announce my existence.
9-Harder, harder yeah that's it(oops wrong topic, where is the porn section?)
10-Cursing/swearing/fighting/insulting/laughing/crying/lying that people are entering into LTC just like that without any proofs to back the claim up/shilling.

When I wake up tomorrow bitcoin is still around and my coins still in my wallets, 100 years from now my coins will be untouched the record of their existence will remain untouched parties will be around to keep validating them when my grandchildren trying to transfer and that is the thing of value for me thus of a value for others as well which makes it worth our money and turn them into digital form.

If you tell me that my coins are going to vanish because of a person or a pool/miners/developers I'd be interested to discuss about solutions to avoid such an event.

dont be sure of that if blockstream get control. mimble wimble will unconfirm your funds and prune them out the old blocks and you have to really hope and pray the mimble manager puts the funds back again into a new block where the output is your address. rather then designating your funds as 0btc output to you to then claim as a miner fee or going to other parties instead as part of the mixer feature..

yep its a possibility

solution dont let blockstream centralise the network to their biased decisions

Hey , Look at
http://coinmarketcap.com/currencies/litecoin/#markets
and decide for yourself.

 8)

Really, who cares about this cat eye looking creature? BTC will rise with or without him.

What the heck are Bu coins?
Doing a "Google dat shit!" I got this:
https://www.thespruce.com/bu-coin-definition-768402

https://hobbylark.com/collecting/What-Is-a-BU-Coin

Wha' da h3ll does this hafta do wit BTC?

They use BU for Bitcoin Unlimited.

https://www.bitcoinunlimited.info/


In Short , it Fixes the Unconfirmed Transactions Problems BTC is currently having.

 8)

Don't be ridiculous. I created this thread as the price was already recovering. Also I predicted it because china was going to wake up to those news and that is a good bulk of the market that becomes active at that hour.

It's just what it is. Jihan is playing chess. Bluffing, being aggressive, he is fucking around. Is this part of the bitcoin protocol?

it is so funny that all of this crap is just over 3 (or i think 5 according to coin.dance) new blocks that were signalling BitcoinUnlimited and there has been 231 other blocks out of last 1000 previous blocks doing the same signaling.

are you still saying what's her face is crashing bitcoin price? i don't think so.

There was another PBOC communication meessage, that may have helped crush the price too, but we have seen it quickly bought up again. In any case, im sure Jihan's antics are involved too in a general increasing distrust about the outcome of bitcoin.
We will see.

That was a crash?  You must be new here.

Sounds like a good idea. I'm pretty sure that I'm not the only one that is tierd of this shit.
Blokck BU and let them fork off.
Bye bye

Hahaha LOL. He just dumped his own bitcoin and he didn't crash it. Let them celebrate antpool miner mining BUcoin blocks if they want I just know it will be worthless coin but there is the chance that it will pump but it would be worthless later regardless but they dont care the only thing they care about is the profit they will get.

Are you referring to this short press notice by Zhou Xuedong, director of the PBoC's Business Administration unit:


If this news caused price to drop, then chinese traders are really paranoid about it.  They are silly, want to have the serious exchanges which will be unsupervised.
Chinese bitcoiners need to stop blameing PBoC for trying to keep a watchful eye on exchanges. We don't want another Mt.Gox incident.

The price crashed because the PBOC people made a statement. See

https://pbs.twimg.com/media/C6SwtfTUwAMtkLo.jpg

They are not closing the exchanges for the moment. That implies that if they find any shennanigans, they will close them.

And they are blacklisting certain addresses (presumably those owned by people who failed the AML checks).

Every person who has big amount of bitcoin and turn out to be another coin supporter will affect bitcoin market and people may trigger to sell out as well. But, I agree that decentralized idea of bitcoin can not be manipulated by few person due to there are a lot of other bitcoiners who won't do that. One and another person walk away from bitcoin, it's not a big deal as many people will join and replace them.

What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.

There are other ways to fix the system instead of giving more power and control over to centralized China.

Most people don't really have a clue about what's really going on here and now: https://medium.com/@lukeparker/the-trust-attack-a6241a08a9cd