Ya, 25 GB added to the block chain every day would do wonders for Bitcoin! Extremely beneficial for decentralization (you know, the very thing that gives Bitcoin value).

Edit: Reading comprehension issues. I blame lack of sleep!

If BU had the economic majority behind them, they would have forked ages ago.

When you have the power (by power, in this instance, I mean support of the economic majority), you don't need to talk, you just do.

So, how crazy are the pool operators who supposedly support BU? Time will tell.

Get yourself some dust from a block mined on one of the chains. Combine that dust with your existing coins by sending a transaction to another address that you control. Since those coin base rewards don't exist on the other chain, this transaction will only be valid on one chain. After that, send your coins on the other chain to a new address that you control (extra measure just to be sure). At this point, your coins will be effectively disassociated between the two existing chains.

There is another method which may become possible if the second chain is a Bitcoin Unlimited chain. Since blocks will be larger on the Bitcoin Unlimited chain (that's the point after all), they will allow for many, many more transactions. So, you can just start sending your bitcoins to yourself over and over and over again. Over time, these transactions will be written into the Bitcoin Unlimited chain, but will be a chain of unconfirmed transactions on the original Bitcoin chain. At this point, you try a "double spend" to yourself (to a different address under your control) with a higher fee on the Bitcoin chain. Once one of these "double spend" transactions make it into a block on the Bitcoin chain, these coins will effectively be disassociated from the Bitcoin Unlimited chain.

If you control private keys ("own" bitcoins) before a contentious hard fork, you retain control of those keys on each existing chain post-fork.

If there is a market for coins existing on both chains, you can simply "taint" coins existing on one chain by combining them with coins that only exist on that chain (mining rewards or coins that have been combined with mining rewards) and then safely sell them (or transfer them to a new address) without risking your coins on the other chain.

Is the block chain synced on Core? 457088 blocks at the time of this post.

If you are a get-rich-quick speculator: Sell your coins before any contentious hard fork. Markets don't like uncertainty.

If you are a Bitcoiner who cares about the future of Bitcoin: Your existing coins (which will exist on both sides of a contentious hard fork) are you only real vote when it comes to choosing the future of Bitcoin. https://bitcointalk.org/index.php?topic=1076412.0

I don't know that I'm a "SegWit guy", but I prefer that over BU any day.

I've been waiting for a fork since at least May 31, 2015. https://bitcointalk.org/index.php?topic=1076412.0

Information is useless and truth is worthless.

AKA

Bitcoin is vapor.

Someday, you may escape that box... but I doubt it.

Transaction fees are a necessary part of Bitcoin and without them, Bitcoin would lose it's most useful, unique properties and thus, it's value.

The resources required to facilitate censorship-proof transfer of value and a seize-proof store of value are quite expensive.

Since the dawn of Bitcoin, this cost was paid for through inflation (new coins entering the market through the coin base reward were given to those who used resources to secure the network).

At time passes, the inflation rate (supply of new coins) continues to be cut in half (so that Bitcoin isn't constantly inflating at a rate which would erode it's value).

Yet, the network still has costs to maintain.

Transaction fees paid for by those who enjoy Bitcoin's properties will slowly take the place of the coin base reward as a means to pay for the security of the network.

As more people come to value Bitcoin's unique properties, there will be more competition to have transactions written into the permanent ledger in a timely manner, and fees will increase.

Some users have grown used to the block reward subsidy paying for the utility which Bitcoin provides and will have to be dragged kicking and screaming into the future if they want to continue to enjoy Bitcoin's unique and useful properties.

Hopefully! So healthy for the network to start replacing the block subsidy with transaction fees.


No, it won't. Bitcoin has unique properties and those who want to take advantage of those properties are willing to pay for rapid confirmations or wait for slower ones.

Either do your own due diligence (stick with established, well rated merchants) or use a credit card when shopping somewhere "less than reputable".

Yes. Transaction fees are based on the size of your transaction.

Here is a valuable tool for getting an idea of how much you should pay.

https://bitcoinfees.21.co/

If you wallet software is giving you an extreme fee for no reason, perhaps you need to update your software or find a different wallet.

It's not expensive, it just costs more than it used to.

The resources required to facilitate censorship-proof transfer of value and a seize-proof store of value are quite expensive.

Since the dawn of Bitcoin, this cost was paid for through inflation (new coins entering the market through the coin base reward were given to those who used resources to secure the network).

At time passes, the inflation rate (supply of new coins) continues to be cut in half (so that Bitcoin isn't constantly inflating at a rate which would erode it's value).

Yet, the network still has costs to maintain.

Transaction fees paid for by those who enjoy Bitcoin's properties will slowly take the place of the coin base reward as a means to pay for the security of the network.

As more people come to value Bitcoin's unique properties, there will be more competition to have transactions written into the permanent ledger in a timely manner, and fees will increase.

Some users have grown used to the block reward subsidy paying for the utility which Bitcoin provides and will have to be dragged kicking and screaming into the future if they want to continue to enjoy Bitcoin's unique and useful properties.

Obvious troll thread.


Actually, at first glance I missed the fact that both links were to the same website... as if it's necessary to link to where you get your Bitcoin price in this day and age.

So, I've reconsidered and I now consider this an obvious spam thread.

WWIII.

I'll channel him.

...ahem

"The SEC was sensible enough to see the huge fundamental flaws in Bitcoin's protocol and saved investors from losing a lot of money when Bitcoin crashes to single digits again."

Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin".

As long as the rest of the movie plays out the same, I'm all for it.

Back at ya'.



Miner's protocol signaling and node versions aside, if the miners go against the economic majority, they will be mining worthless tokens.

Everyone pushing BU had better hope they have the economic majority on their side should they attempt a contentious fork.