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Author Topic: BU is winning, isn't it? . . .  (Read 584 times)
Uberse (OP)
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April 26, 2017, 03:48:03 PM
 #1

https://coin.dance/blocks
Iranus
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April 26, 2017, 03:50:23 PM
 #2

Well, yes and no.

I wouldn't phrase it as "winning" because that implies that it's going to succeed economically, which it might not.  As much as some people like to claim that it wouldn't result in a split, the chance of a low-consensus hard fork like it would have resulting in a split is pretty close to 100%.

The older coin could "win", in the sense of having a higher price, at any time.

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cryptoanarchist
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April 26, 2017, 03:57:21 PM
 #3

Bigger blocks are winning. BU just happens to be the most popular implementation at the moment.

At the current rate, miners signaling for bigger blocks will hit critical mass by summer and I expect a 1MB+ block by July.

This means if you haven't UPGRADED to XT, Classic, or BU you're not gonna sync to the network.

I'm grumpy!!
OROBTC
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April 26, 2017, 03:57:33 PM
 #4



Smile.  Just before signing in today I saw that Bitcoinist and Coin Telegraph have both written that SegWit is becoming the winner.

If they settle this, the price of Bitcoin could go way up.  But when will they (developers and miners) actually settle this?
cryptoanarchist
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April 26, 2017, 03:59:01 PM
 #5



Smile.  Just before signing in today I saw that Bitcoinist and Coin Telegraph have both written that SegWit is becoming the winner.


Remember 'Baghdad Bob'?

I'm grumpy!!
davidmccoy
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April 26, 2017, 04:26:14 PM
 #6

It's a rat race. There is no stopping. Trends change. Sometimes one currency leads the race, but for a limited time.
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April 26, 2017, 04:49:45 PM
 #7

Civil wars.

Nobody is winning.
Nobody is losing.
Stalemate.
=
BTC price.

Holders are winning.
Sellers are losing.

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April 26, 2017, 05:06:45 PM
 #8

No. Stop this false belief that miners == Bitcoin and wake up from these delusions.




A tiny <2% of the nodes use BU, and a very tiny amount support BU (as per participants of the economy). The super majority is against it.

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Iranus
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April 26, 2017, 05:28:47 PM
 #9

No. Stop this false belief that miners == Bitcoin and wake up from these delusions.
A tiny <2% of the nodes use BU, and a very tiny amount support BU (as per participants of the economy). The super majority is against it.
That statistic is somewhat outdated.  Overall, the amount of BU nodes is a bit more like 10%.  Miners also do determine whether a solution happens - this just means that forking off will result in a huge price crash for BU's chain.

You still have a point though.  The amount of businesses that are ready for BU will be extremely low because for them it represents uncertainty and unnecessary change. 

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cryptoanarchist
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April 26, 2017, 05:30:01 PM
 #10

BU don't earn true winning if they can't earn trust from most community, company and full nodes users. I think even they earn enough miner support/hashrate for hardfork, i'm sure most community and company will choose to support SegWit instead and BU could become minority chain.

The minority chain is the one with the least hash power. Non-mining nodes have nothing to do with it.

I'm grumpy!!
cryptoanarchist
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April 26, 2017, 05:31:23 PM
 #11

No. Stop this false belief that miners == Bitcoin and wake up from these delusions.
A tiny <2% of the nodes use BU, and a very tiny amount support BU (as per participants of the economy). The super majority is against it.
That statistic is somewhat outdated.  Overall, the amount of BU nodes is a bit more like 10%.  Miners also do determine whether a solution happens - this just means that forking off will result in a huge price crash for BU's chain.

You still have a point though.  The amount of businesses that are ready for BU will be extremely low because for them it represents uncertainty and unnecessary change. 

Not for Coinbase. They seem ok with BU.

I'm grumpy!!
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April 26, 2017, 05:35:11 PM
 #12

That statistic is somewhat outdated. 
You have no idea what you're talking about. This data is generated daily.

Overall, the amount of BU nodes is a bit more like 10%. 
No. Those are listening nodes. The data that I've provided includes both listening and non listening nodes.

Miners also do determine whether a solution happens - this just means that forking off will result in a huge price crash for BU's chain.
The miners have shown themselves to be extremely corrupt. They have effectively formeda cartel due to ASICBOOST.

Not for Coinbase. They seem ok with BU.
1 company vs. the whole ecosystem. Makes sense. Roll Eyes

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