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Author Topic: Nice way to double BTC for free  (Read 1540 times)
Paashaas
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March 14, 2017, 03:30:08 AM
 #21

I'm sure BU will go bust sooner ore later, but when those retards HF i will sell.
RoommateAgreement
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March 14, 2017, 04:24:08 AM
 #22

1) Wait for Jihan Wu to create BUcoin by hard fork
2) Exchanges list BUcoin
3) Users dump BUcoin for BTC because the best devs are the Core devs and all merchants support Core+segwit
4) Jihan Wu goes back to BTC accepting defeat or stays mining useless marginal coin (just like the ETC miners)
5) Enjoy doubled BTC

yeah, if you are foolish enough to hope for a split to make a one time only profit then this is what you can hope to happen. because mark my words if bitcoin splits that would be the end of it. it will die and we all would be left holding a worthless token on both chains.

Buying the dip...
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March 14, 2017, 04:56:55 AM
 #23

Exactly!
So when will this hard fork going to happen?
Notify us all about it so we can do this! Grin

it will happen when at least 55-60% of miners support BU then maybe we will see split in the chain and boom all bitcoin holders will have same amount of BU. the question here is if there will be two chains.  also if exchangers will support it. what happens to holders who have bitcoin on for example bitstamp. will their bitcoin count towards having same balance of BU?
Eh... the two separate chains and the sounds bad in my ear.
So, BU has reached a half of his signalling chart. Why don't reach 75% to activate BU?

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March 14, 2017, 07:24:27 AM
 #24

how are merchants listening BU if they are with core dev + segwit like you said? you are contraddicting yourself

merchants will never accepted BU and if they will, BU will be the new "core" because it has also the miners needed % to succeed
pooya87
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March 14, 2017, 07:46:07 AM
 #25

1) Wait for Jihan Wu to create BUcoin by hard fork
2) Exchanges list BUcoin
3) Users dump BUcoin for BTC because the best devs are the Core devs and all merchants support Core+segwit
4) Jihan Wu goes back to BTC accepting defeat or stays mining useless marginal coin (just like the ETC miners)
5) Enjoy doubled BTC

you are making an idiotic assumption.
if Wu hard forks now, he has hard forked shit that nobody wants, and yeah your bitcoin would be doubled but you would own bitcoin on current chain worth ~$1200 and would own bitcoin on WuChain worth $0.

however if Wu and the rest of the hashrate and then afterwards (the next step) the rest of the nodes show they want that fork, bitcoin will fork and you will own bitcoin on only one chain that everyone switched to and be worth $1200 and there won't be any other chain unless you and a couple of others run the old chain.

and the same goes for any other fork.
for example if SegWit forks now with ~20-30% it would be shit that nobody wants. and if it forks with majority then there will be no other chain so you can have bitcoin on! again unless you and a couple of others run the old or other chains and have coins worth $0 there.

change the word SegWit, BU, ... to anything you like and you get the same answer.
TLDR:
fork without majority (consensus) : you end up with useless forked chain.
fork with majority (consensus) : you end up with one single chain without leftover

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DRaGoN RaNTaRo
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March 14, 2017, 10:40:22 AM
 #26

fork without majority (consensus) : you end up with useless forked chain.
fork with majority (consensus) : you end up with one single chain without leftover

You said it all. I was literally laughing reading this thread as everyone seems to think that ETH had the first fork and got split into two and many made their money with it,good luck making that with bitcoin as there was a fork earlier in bitcoin during 2013 i think and i guess no one noticed that ,they were done carefully to avoid any split and hope the dev will do that here too.
blockcha1n
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March 14, 2017, 03:03:05 PM
 #27

Exactly!
So when will this hard fork going to happen?
Notify us all about it so we can do this! Grin

it will happen when at least 55-60% of miners support BU then maybe we will see split in the chain and boom all bitcoin holders will have same amount of BU. the question here is if there will be two chains.  also if exchangers will support it. what happens to holders who have bitcoin on for example bitstamp. will their bitcoin count towards having same balance of BU?


So this going to happen or all speculation and more FUD on the bitcoin's progression front?

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Sundark
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March 14, 2017, 03:20:23 PM
 #28

Well, it is good that we AFAIK we can't reach consensus with mining power alone. We need full nodes for that.
Miners don't necessarily represent the best general approach we should take, they are driven by personal profits above all else.
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