Bitcoin Forum

In last few days BTU is loosing its steam, the hashrate is going down. On the other hand segwit is gaining momentum.
Is forking good or bad for BTC.
I need the views of the general community

http://xtnodes.com/

bitcoin unlimed has been around for 2 years. no deadlines no threats no obligatory forced mandatory activation, no PoW nukes..

just an open option for people to choose.
oh and there are a dozen implementations. give it a month or so and blockstream will find another diverse decentralised group to REKT

"BITCOIN WILL NOT WANT AND WILL NOT HARD FORD
Not all minerals in China support Bitcoin Unlimited. F2Pool, the world's second largest Bitcoin miner after AntPool, declined Bitcoin Unlimited earlier this week.
Wang Chun, owner of F2Pool, shared a rather abstract statement with the Bitcoin community on March 27: "Bitcoin can not Fork and will not Fork."
Instinctively, on March 22, Chun wrote, "Rest in Peace Bitcoin Unlimited," after the second bug in the software was exploited.
SegWit is a fork
However, some members of the community began to question the intentions of Bitcoin Core's Segregated Witness (SegWit) statements. SegWit is a scalable solution for the market, also a fork of the Bitcoin network.
Unlike Bitcoin Unlimited, SegWit is a SoftFork that requires 95% of the node operators to activate.
Chun gives another unclear explanation of Chun's previous statement: "Why not choose a party? Because you have to think twice before deciding to support someone, see you as the enemy."
I have read this information, HF will not happen, Segwit is not accepted and BU is dead, bitcoin will remain the original bitcoin, everything is the same, this is great.

In my understanding, there is a need for fork because there are problems existing or foreseen that can bring back Bitcoin to the past and will not help Bitcoin leapfrog into the future. However, if there is really no need to fork...so maybe there is no need to? Why reinvent the wheel?

Anyway, I am just a newbie here and my opinion may not count that much as I am admittedly not a technically-inclined person and there are a million or two in Bitcoin and cryptocurrency that I do not really understand even if explained in plain language lol.

about that last line. why is not forking a good thing. The network is getting congested and some transactions are taking days to get confirmed. the txfee skyrocketing. Sure one day it will surpass paypal fee. If this is whst happens in 2017 how will it cope till 2140 the end of mining.

it will fork but not for the reasons the fake hype is about.

blockstream(core) dont want more native capacity growth. but they will split the chain and cause miner killing fork to get segwit. checkout all the rejecting blocks of bip9. the rejecting blocks and nodes of UASF. and also the total wipeout rejecting of all pools with a PoW change.

shit now the BU hashrate is more then 50%. guess their tour in China is really working
what is they plan a 51% attack on BTU it would be disastrous. Hope no one on BTU team is such a fanatic

I think no fork will happen.
BTU is losing supporters due to the crashing of nodes with a buggy code and the recent news said they've lose F2pool to
So i guess bitcoin will stay as it is.

Over 50% now.... it could happen.

Learn the phrase BTU coin.

Bitcoin unlimed has been around for 2 years. no deadlines no threats no obligatory forced mandatory activation, no PoW nukes.BTU is loosing its steam, the hashrate is going down. On the other hand segwit is gaining momentum.

The end users will be the victim of such fork if it ever happens. I hope Bitcoin doesn't decrease in value and doesn't split into two different coins. Why can't we agree all together to do what is best for bitcoin and not for small entities who want to take advantage of such split ?

This is the problem in the decentralized coin. Of course not everybody will have the same vision, and everytime the bitcoin grow there will be more factions. All we need is everybody to agree to one solution, otherwise, it's matter of time until the bitcoin blockchain will dvide (like ethereum)

"Obligatory forced mandatory activation" damn that's a lot of synonyms.

The PoW nuke is not going to happen, it's just an extreme scenario in which there was no viable solution.  BU would be issuing these threats and more if they weren't acting all nice because they're not the current development team.

funny part is.
if BU did implement the 'anti-replay' feature core is demanding BU do... core would then start calling it an attack.
much like core demanded diverse nodes bilateral split ages ago, which the diverse nodes refused..
then core screams bilateral splits are bad
then core screamed bu have to bilateral split.
then core screamed if bu bilateral split it is a dictatorship
then core screamed that core all along had code to bilateral split and core would initiate a bilateral split if BU become popular...

hypocrisy is funny

I read a piece of information, and they say HF will not happen and it does not need to happen, which proves BU has been dead. It's not so much people's choice, so an unpopular altcoin will not be able to work, and it will die. Bitcoin will remain the same, it is still bitcoin core. And I think that this information has made bitcoin rise, it has come back to a stable price.

For a hero member, you're pretty gullible.  That's blatantly opinion, and while I agree with that, it's not "information" like a fact is.

BU is far from dead though, its hashrate is still higher than SegWit (not higher than Core though).

The % of block found by BU once past 51% in these two days... Maybe just April Fools? we shall see how this move forward. However, I guess we sure need to make a decision soon.

By the way, why is that Litecoin is activating Segwit at 75% but bitcoin at 95%?

Rules are set that way since Segregated Witness for LTC requires only 75% of the network hashrate to be activated.

http://litecoinblockhalf.com/segwit.php

Hard fork can be good for chain that will gain majority of support while the one that will loss support will struggle to survive.

It has been discussed several time and i don't think we need another thread to just discuss about it. People have their different views about forking but for me bitcoin doesn't need any forking right now.

I've had enough of a blood drunk Roger Ver slaughtering hes own offspring, and I'm out of popcorn too.

The developers should just apply SegWit like they normally would and move on.

Let Jihan have hes fork. Be it an involuntary one.

Emergent consensuns included in Bitcoin unlimited and other Bitcoin implementations is gainng support over time and now over 50% miners preffer this onchain scaling solution. Because there is nothing better on the table regarding onchain scaling, its going to be used to finally produce slightly bigger blocks so the Bitcoin wont be crippled anymore - it is bad news for altcoin pumpers, but necessary if Bitcoin has to remain #1 cryptocurrency.

Its up to the developers ?  humm, thats funny, i could have sworn Satoshi's
white paper said nodes will vote with their CPU power on any needed rules.

Look at the lines of Classic and XT nodes. That's what will happen to BU once the fad is over, it will disappear overtime since it's useless. Core will continue making the best effort delivering the best software and hodlers value that over anything else.

Of course it is. The core developers can just apply SegWit to their software if they want

so whats the whole fork about that Topic
what can beforked will be forked

anyone can run whatever code they want.

Here's why segwit may never get full support of the miners
http://archive.is/XpI8a

In the last week, BTU was threatening to be able to beat or overcome BTC, but to our good, it is no longer in competition. It has been dismissed by the people themselves. BTC lives :)

Bitcoin Unlimited is used for mining Bitcoins for so long, many people already own BTCs mined from this software. Actually Bitcoin Unlimited software gaining popularity among miners over time, so the proper reasoning would be other implementations are slowly abandoned because they are not competetive anymore.

what about the network congestion. think of micro payments.
things promised by BTC community, people cant stand for hours in a grocery for their payments to get confirmed, if at all BTC becomes mainstream

It doesn't matter, what really matters that we all should support any chain if forked under one condition only if they fork with 75%+ otherwise it's an attack if they try to change protocols with 51%+ of hash power.
To those saying POW will be changed, how could it be? miners with 75%+ of hash power still needed to vote for a POW change or is there some other way?
Would you vote against yourself to fire you from your job and your vote would be the one vote that really matters?
How can miners mining with ASIC machines vote for a change that kills their mining machines?

its 95% for BTC . 75% is for LTC

Now that LTC almost got the hashrate to activate segwit its time to watch how it will work. I feel it as a test ground before it can be activated on BTC. and if its a success segwit will will sure be activated on BTC and we will see another bull run on BTC. #fingerscrossed

funny how that segwit is 'promised' to be soo backward compatible, so safe that it doesnt need node consensus.. and yet even after multiple requests, core refuse to make just 1 segwit block with 1 segwit tx by asking their DCG partner BTCC to publish one to show how compatible, safe and happy it is.

why does core need such savage banscores, UASF PoW algo threats....

atleast BU have shown what happens with BU in the event of controversy
if they made a 1mb+ block without node consensus... results in something mind blowing.. wait for it
wait for it..
here it comes....


 3 seconds of reject block drama. end of.


i know right.. 3 seconds and no drama after that.. shocking right!

yep. BU=3 seconds and forgotten, if it doesnt have consensus..

yep. core= banning, lots of orphaning and asic nukes if core doesnt have consensus..

I think when segwit will be activated on LTC it will trigger another bull run on LTC and if it works as thought than that will also create bull run in BTC and support may build towards segwit again in BTC too. #fingerscrossed  ;)

Bitcoin Unlimited is used for mining Bitcoins for so long, many people already own BTCs mined from this software. Actually Bitcoin Unlimited software gaining popularity among miners over time, so the proper reasoning would be other implementations are slowly abandoned because they are not competetive anymore.

that's true.

And the chinese bug coiners will move to segwit and these paid BUG coin users that talk here will shut up

Isn't SegWit dead? I don't see how Core can move forward after alienating damn near everyone. The only way core can save face at this point is if they ceremoniously fired Greg and gave Gavin commit approval back.

That's not going to happen, and there are no better alternatives, so I'm committed to BTU even even if they only had 10% hashrate. I'm definitely fine forking with just 40%. My node will validate a 4MB BTU block. Everyone else can have their fake govt-sponsored blockchain - it won't be worth anything.

BU has been dwindling since the ASICBoost scandal broke. It is now under 30% at https://coin.dance/blocks.

The Politics link at coin.dance shows only 4% of organizations actually oppose Segwit. Not surprisingly it looks like mostly miners in the BU cartel.

Segwit will probably never reach the 95% threshold, but the UASF certainly looks to be gaining steam. My guess is that is how it will end up being implemented.

Whoever and whatever becomes of core will inevitably become a useless coin, so why bother? I don't care about UASF because I no longer will ever use a core client.

Huh?  Of course segwit is not compatible if the longest PoW chain doesn't support it.  

I doubt anyone would claim otherwise.  

http://www.nodecounter.com/ (http://www.nodecounter.com/)
Bitcoin Unlimited blocks: 348  ( 34.8% )
SegWit blocks: 288  ( 28.8% )

SegWit got even less than before.

Base on your logic, people must have realized any nameless mining farm could have been using ASICBoost for months/years, and pinning it on AntPool with no evidence is just idiotic. And SegWit is still a poisonous piece of crap.

RIP BTU

RIP SegWit:

https://www.blocktrail.com/BTC/pools (https://www.blocktrail.com/BTC/pools)