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Title: HF seems imminent with 41,7 % BU Blocks right now Post by: mikenz on March 19, 2017, 02:16:51 PM today: 41. 7 % BU Blocks vs. 23.6 % SW
https://coin.dance/blocks As soon as we cross 51% BU Blocks a HF is very likely. Quote Do you realise that once 51% of blocks are signalling Unlimited (according to Coindance today it is 33.3%) then the very first block mined by an Unlimited miner who cares to create a block of any size above 1 MB, will create a fork. BU miners will be able to follow that fork. That fork will be invalid for Core miners. The reasoning from some BU community members is that everyone will be sensible enough to wait until something like 75% of blocks support BU, before a miner creates such a block. I ask anyone following the whole scaling debate from both sides, are coordination and cooperation the hallmarks of this situation? The moment we reach 51% of blocks signalling BU, a whole new opportunity opens up for manipulation, for example for a miner to take a short position on Bitcoin and then mine +1MB blocks, before a more sensible threshold is reached. Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: btcmerich on March 19, 2017, 02:21:01 PM where do you get 41.7 % from? BU is 33 % and there is looooong way to 51% Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: OmegaStarScream on March 19, 2017, 02:42:26 PM The numbers you gave are wrong (I don't understand how that happened since you gave the source). I also think Bitcoin Unlimited is pretty much dead even If the hard fork happens because If you look at the announcements of exchanges (the big ones), they all agree that BU will be listed as an Altcoin and not as BTC.
Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: mikenz on March 19, 2017, 02:46:26 PM blocks mined today. move your mouse over the yellow marks.
Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: iamnotback on March 19, 2017, 03:22:09 PM Bitcoin Unlimited is doomed now that I've shown it is based on faulty math (https://bitcointalk.org/index.php?topic=1819153.msg18250390#msg18250390). This is fundamental and the entire concept of unlimited block size is flawed. Once the market digests my revelation, there will be dumping of mining nodes for Bitcoin Unlimited. Roger Ver you really need to get better peer review of the projects you support. You are making so many YUGE technical errors and promulgating incorrect technical information. Shame on you.
Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: btbrae on March 19, 2017, 03:23:52 PM Yay. Maths!
Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: FiendCoin on March 19, 2017, 06:17:56 PM today: 41. 7 % BU Blocks vs. 23.6 % SW https://coin.dance/blocks As soon as we cross 51% BU Blocks a HF is very likely. Quote Do you realise that once 51% of blocks are signalling Unlimited (according to Coindance today it is 33.3%) then the very first block mined by an Unlimited miner who cares to create a block of any size above 1 MB, will create a fork. BU miners will be able to follow that fork. That fork will be invalid for Core miners. The reasoning from some BU community members is that everyone will be sensible enough to wait until something like 75% of blocks support BU, before a miner creates such a block. I ask anyone following the whole scaling debate from both sides, are coordination and cooperation the hallmarks of this situation? The moment we reach 51% of blocks signalling BU, a whole new opportunity opens up for manipulation, for example for a miner to take a short position on Bitcoin and then mine +1MB blocks, before a more sensible threshold is reached. More than 20% of the 40% is Jihan Wu's Antpool and who knows how much of the total hash is really from Wu's Bitmain? No one knows how much hash is really under this one man's control? Anyone who does not have a problem with this, is not for Bitcoin. Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: shannen87 on March 19, 2017, 06:21:09 PM today: 41. 7 % BU Blocks vs. 23.6 % SW https://coin.dance/blocks As soon as we cross 51% BU Blocks a HF is very likely. Quote Do you realise that once 51% of blocks are signalling Unlimited (according to Coindance today it is 33.3%) then the very first block mined by an Unlimited miner who cares to create a block of any size above 1 MB, will create a fork. BU miners will be able to follow that fork. That fork will be invalid for Core miners. The reasoning from some BU community members is that everyone will be sensible enough to wait until something like 75% of blocks support BU, before a miner creates such a block. I ask anyone following the whole scaling debate from both sides, are coordination and cooperation the hallmarks of this situation? The moment we reach 51% of blocks signalling BU, a whole new opportunity opens up for manipulation, for example for a miner to take a short position on Bitcoin and then mine +1MB blocks, before a more sensible threshold is reached. Sorry, but all I see now is 34.8% for BU VS. 26.1% for SegWit Where did you get your info?? Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: teramit on March 19, 2017, 09:33:58 PM Quote Sorry, but all I see now is 34.8% for BU VS. 26.1% for SegWit mouse over orange line , it is now 43,1%Where did you get your info?? Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: Pab on March 19, 2017, 09:42:58 PM The numbers you gave are wrong (I don't understand how that happened since you gave the source). I also think Bitcoin Unlimited is pretty much dead even If the hard fork happens because If you look at the announcements of exchanges (the big ones), they all agree that BU will be listed as an Altcoin and not as BTC. To be listed on exch.thay have to develop protections at least two,read on poloniex site,but first you have to ask chinise,hash and economy majority is in his hands,maybe finally itwill be enough with stupid westerness thay will make his own fork and will be only btcchina.All that issue with bitcoin fork is two years old Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: york780 on March 19, 2017, 11:01:59 PM There wont be a fork. Just try to think like BU fools and big miners supporting BU. Fork means that price drops bigtime. This results in lower/no profit for the miners. This dip was just a warning for them. They will avoid a fork at all costs. Just because they lose money when it occurs. Same reason for BU noobs. Nobody buys BU coin if Bitcoin has got a solid patent/copyright on their brand. BU coin will die. They can continue wining or they can quit. The only thing they can do is delay the next moon rocket. I hope you guys can sleep at peace tonight just like me. Goodnight all.
Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: springgers on March 19, 2017, 11:07:00 PM Well with posts like this one then it is likely to happen. ::)
' cant open the site, on Twitter they write that it was hacked, really? The FUD is strong with this one! :DTitle: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: Meuh6879 on March 19, 2017, 11:25:04 PM As soon as we cross 51% BU Blocks a HF is very likely. oh yeah ? trust that ! the BU blockchain emerge ... and the Bitcoin Blockchain follow his path without the BU miners and the BU nodes. http://imagizer.imageshack.us/a/img905/239/sGiyBO.gif reals stats : http://imagizer.imageshack.us/a/img922/9291/YxxsCS.gif http://imagizer.imageshack.us/a/img921/4143/wyvnOM.png BU Nodes (and others) = 16,7% Bitcoin Nodes (with 1Mb block limit) = 80,9 % You can win the miner level ... but not the validation of the Block because Bitcoin Core reject the (more than) 1Mb size. All BU Block mined will be REJECTED by the whole Bitcoin Network. Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: teramit on March 19, 2017, 11:38:37 PM As soon as they pass 51% they can halt the (BTC) bitcoin network , they can stop confirming blocks , cant they ?
That should be a real problem. So they will force community to accept their fork if no consensus reached. ??? Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: Killerpotleaf on March 19, 2017, 11:44:05 PM As soon as they pass 51% they can halt the (BTC) bitcoin network , they can stop confirming blocks , cant they ? That should be a real problem. So they will force community to accept their fork if no consensus reached. ??? no. Title: Re: HF seems imminent with 41,7 % BU Blocks right now Post by: jbreher on March 20, 2017, 07:41:48 AM As soon as we cross 51% BU Blocks a HF is very likely. No. That is not the most widely-discussed plan, AAR. Which would be >=75% for a full difficulty period, and another difficulty period (not dropping below 75%) for other wallets to upgrade. Only then create the first large block. Presuming, of course, they stick to that plan. Of course, some other large blocker may jump the gun. But a premature large block would likely be orphaned off by all the other BU miners. Nobody buys BU coin if Bitcoin has got a solid patent/copyright on their brand. Umm... presumably you are aware that, even if there were patents or copyrights on Bitcoin preventing its free use, they would be unenforceable in a permissionless environment, right? As soon as they pass 51% they can halt the (BTC) bitcoin network , they can stop confirming blocks , cant they ? That should be a real problem. So they will force community to accept their fork if no consensus reached. Well, no. Not really. They can slow it down, as difficulty is predicated on current network hash power. If 50% of the miners start hashing blocks that core will not validate, the core (and fork) block interval will be slowed to 20 minutes. If the fork occurred at 75%, core blocks would slow to 40 minutes. Which would increase competition for block space, driving up fees. BU blocks would slow to ~13 minutes, but have increased transactions per block, so throughput would actually be increased on the BU fork. Decreasing competition for block space, thereby driving down fees on the BU chain. But yes, the likely result is that all but an intransigent few would migrate to BU. Because it would be functional, and the core chain would be largely not. |
