https://bitcointalk.org/index.php?topic=1836611.new;boardseen#newWhy does this guy get to stick his obvious pro-BUg thread in the forum?
BUg is not bitcoin:
1) BUg requires +21 million coins (total supply will not be a fixed 21 million anymore) for emergent consensus to even hope to work
2) BUg gives total control to miners (miners = a couple of guys with state-sponsored ASICs in china)
3) BUg has incompetent dev team that makes crashing software, even resorting to closed source patches
4) Peter R and others support attack on minority chain when network support is against BU
A second version would be a massive development and maintenance hassle for me. It's hard enough maintaining backward compatibility while upgrading the network without a second version locking things in. If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version.
The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers.
Miners are now split from nodes and (some) planning on attacking 92% of the network. I must remind you that miners = a couple of centralized actors.
In BUg miners would have total control of blocksize and so on.
Nodes would have no weight anymore. Bitmain would end up with both mining and node datacenter monopoly.
Such a coin is garbage, you cant call that decentralized with a straight face anymore.
And remember: all of this mess because roger ver wants to buy coffee onchain. This is nuts.