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Author Topic: NYA startups seems not understand in what mess  (Read 235 times)
chek2fire (OP)
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September 29, 2017, 04:50:27 AM
 #1

I believe that everyone must support this guys to fork off the network.
In long terms i strongly believe that the chain with the most popular bitcoin communications channels, most skilled developers and most user base will win but...
It seems NYA startups have not understand and predict in what mess they enter with a fork that is not widely consensus in the whole bitcoin ecosystem.
Imo will create an economical mess with an everyday trading between the three chains(BCASH is also here Tongue )
Especially it will create a hashrate mess between this 3 chains. Miners will swing from one chain to other to follow the most profitable chain.
It will create and a huge mess to their customer support. The NYA startups will need to scale their support service x10 to handle this situation.
For that reason everyone must relax and let this mess happen and watch this guys to built their own doomstone.
Three chains what will be get wrong? Tongue
If bitcoin survive from this will be a great message to the real world that Bitcoin Is Here To Stay Forever.

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September 29, 2017, 05:13:28 AM
 #2

What is an "NYA startup"? It might be a good idea to spell out acronyms like this at least once in a post so that people who have never seen them before will actually know what you are writing about.
chek2fire (OP)
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September 29, 2017, 05:17:28 AM
 #3

i do a mistake. Is not 3 chains but four if the bitcoin gpu fork happens  Grin

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iamTom123
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September 29, 2017, 05:28:16 AM
 #4

I believe that everyone must support this guys to fork off the network. In long terms i strongly believe that the chain with the most popular bitcoin communications channels, most skilled developers and most user base will win but...It seems NYA startups have not understand and predict in what mess they enter with a fork that is not widely consensus in the whole bitcoin ecosystem. Imo will create an economical mess with an everyday trading between the three chains(BCASH is also here Tongue ) Especially it will create a hashrate mess between this 3 chains. Miners will swing from one chain to other to follow the most profitable chain. It will create and a huge mess to their customer support. The NYA startups will need to scale their support service x10 to handle this situation. For that reason everyone must relax and let this mess happen and watch this guys to built their own doomstone. Three chains what will be get wrong? Tongue If bitcoin survive from this will be a great message to the real world that Bitcoin Is Here To Stay Forever.

Despite all the problems and challenges that can be thrown its way, I still believe that Bitcoin can well survive and flourish in the coming months and years. Yes, it can sometimes be a pity that in Bitcoin nothing has changed as we are still dealing with the same human nature weaknesses. In the Bitcoin community, we are dealing with people having the deciding power but could not come up with just one single decision. I have been telling this all along before the hard fork in August 1 and then here we are again about to experience the same thing...we are now pregnant with Bitcoin Gold which can get out this November. The Bitcoin family is really growing fast.
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September 29, 2017, 05:28:57 AM
 #5

What is an "NYA startup"? It might be a good idea to spell out acronyms like this at least once in a post so that people who have never seen them before will actually know what you are writing about.

He is talking about Bitcoin Gold. The 3 way split will have impact with miners skipping from profitable chain to profitable chain constantly to mine. In the end, the decision is based on the consensus that is needed for this to happen. If there are enough people interested in doing this, it will happen. How popular this will be, is a whole other story.

A lot of people already forked off to create Bitcoin Cash, so how many are left to support Bitcoin Gold now?

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September 29, 2017, 05:32:45 AM
 #6

What is an "NYA startup"? It might be a good idea to spell out acronyms like this at least once in a post so that people who have never seen them before will actually know what you are writing about.

He is talking about Bitcoin Gold. The 3 way split will have impact with miners skipping from profitable chain to profitable chain constantly to mine. In the end, the decision is based on the consensus that is needed for this to happen. If there are enough people interested in doing this, it will happen. How popular this will be, is a whole other story.

A lot of people already forked off to create Bitcoin Cash, so how many are left to support Bitcoin Gold now?

these "hopping" from chain to chain to mine the more profitable coin can not last long. it usually is temporary until their difficulty is balanced out. we saw the bitcoin cash drama when the EDA thing kicked in and sucked all the hashrate to mine a couple of thousand blocks in 1 day!

and bitcoin gold is ASIC resistance it can NOT such in any hashrate from bitcoin. it is even called bitcoin GPU. and if any fork of bitcoin sucked the hashrate bitcoin would have died a long time ago. these are not the first forks.

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chek2fire (OP)
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September 29, 2017, 05:33:21 AM
 #7

What is an "NYA startup"? It might be a good idea to spell out acronyms like this at least once in a post so that people who have never seen them before will actually know what you are writing about.

He is talking about Bitcoin Gold. The 3 way split will have impact with miners skipping from profitable chain to profitable chain constantly to mine. In the end, the decision is based on the consensus that is needed for this to happen. If there are enough people interested in doing this, it will happen. How popular this will be, is a whole other story.

A lot of people already forked off to create Bitcoin Cash, so how many are left to support Bitcoin Gold now?

i talk about New York agreement among miners and a bunch of Barry Silbert's startups that will decide to fork again bitcoin in November

http://www.bitcoin-gr.org
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Wind_FURY
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September 29, 2017, 05:58:07 AM
 #8

I do not mind another hard fork. Anyone is free to split from the real chain to start and support their own like what BitcoinCash did. It was not as bad as everyone always thought.

But the would be "oligarchy" of the new chain who signed the NYA, should have the developers of Segwit2x/btc1 include replay protection for the sake of normal users like us.

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