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Author Topic: Vinny Lingham - Bitcoin Unlimited (BTU) will be an Alt Coin, BTC will crash  (Read 2931 times)
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March 16, 2017, 06:15:09 AM
 #1

According to Vinny, if BTU activates exchanges will list it as BTU and the ensuing chaos will cause the value of BTC to crash hard.

Source https://vinnylingham.com/a-fork-in-the-road-70288fd3c046#.axoifstr6


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March 16, 2017, 06:44:54 AM
 #2

According to Vinny, if BTU activates exchanges will list it as BTU and the ensuing chaos will cause the value of BTC to crash hard.

Source https://vinnylingham.com/a-fork-in-the-road-70288fd3c046#.axoifstr6


Vinny Lingham used to make accurate prediction when it comes to digital currency. This time I believe the prediction will be outlawed, because BTU has got crashed and if it gets popularity too bitcoin overcomes with the pricing it has got.

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March 16, 2017, 06:51:19 AM
 #3

The BU guys seem oblivious to these hazards, since they only focus on the properties of their half of the chain.

Two competing chains vying for the title of the One True Bitcoin would be horrendous. And I was sitting here thinking the coin denomination was bad.
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March 16, 2017, 07:26:06 AM
 #4

The BU guys seem oblivious to these hazards, since they only focus on the properties of their half of the chain.

Two competing chains vying for the title of the One True Bitcoin would be horrendous. And I was sitting here thinking the coin denomination was bad.

BTU supporters are fanatic lunatics and they don't care if Bitcoin dies just that Core don't win.

"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
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March 16, 2017, 02:44:13 PM
 #5

According to Vinny, if BTU activates exchanges will list it as BTU and the ensuing chaos will cause the value of BTC to crash hard.

Source https://vinnylingham.com/a-fork-in-the-road-70288fd3c046#.axoifstr6



Which is stupid because, at the rate altcoins like ETH are gaining marketshare...

Bitcoin is going to crash hard anyway without a scaling solution.

Stupid
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March 16, 2017, 02:47:11 PM
 #6

According to Vinny, if BTU activates exchanges will list it as BTU and the ensuing chaos will cause the value of BTC to crash hard.

Source https://vinnylingham.com/a-fork-in-the-road-70288fd3c046#.axoifstr6



Which is stupid because, at the rate altcoins like ETH are gaining marketshare...

Bitcoin is going to crash hard anyway without a scaling solution.

Stupid

I have been hearing the Roger Vermins and Mike Hernias of the land claiming "armageddon is near" for years now, yet bitcoin prices continue to go higher.

The scaling solutions is here: segwit.

What is stupid is going the BU route effectively crashing bitcoin, but that is what the government funded BU shills want anyway.


https://medium.com/@Coinosphere/why-bitcoin-unlimited-should-be-correctly-classified-as-an-attempted-robbery-of-bitcoin-not-a-9355d075763c#.r5f6ui934

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March 16, 2017, 04:38:57 PM
 #7

The BU guys seem oblivious to these hazards, since they only focus on the properties of their half of the chain.

Two competing chains vying for the title of the One True Bitcoin would be horrendous. And I was sitting here thinking the coin denomination was bad.

It doesn't matter how many times we tell them how BU is a bad idea. Even after the massive bug exploit that was an huge fail that made most of the network inactive yesterday, the brainwashed zealots still push for BU.

Looks like until shit hits the fan and the price is ruined they will not stop and realize their mistake.
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March 16, 2017, 07:20:08 PM
 #8

Price will be ruined due to Core dragging their feet over a block size increase and generally fucking around prioritising technical perfection over actual usefulness and being totally unwilling to compromise. This is why alts are rapidly gaining on BTC.

If a fork causes Bitcoin to crash hard, then frankly, it deserves to, since this can happen at any point in the future.

Two coins would be the best solution at this time. All current hodlers have coins on both chains. One chain can scale on chain, be actually used as a payment system, the other chain can play at being digital gold and pray that lightning network is somehow better than on chain payments.

At least with a fork current hodlers will own both the gold and the payment network. No fork means an altcoin will eat Bitcoin's payment network market share.

A fork should make everybody happy. Except Vinny, who needs to cry some more.

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March 16, 2017, 07:31:38 PM
Last edit: March 16, 2017, 09:22:08 PM by gentlemand
 #9

According to Vinny, if BTU activates exchanges will list it as BTU and the ensuing chaos will cause the value of BTC to crash hard.

Well, if it's listed as an alt from the start that nullifies rather a lot of potential chaos. There'll be all sorts of silliness but no disaster. He has good points about Mr Ver and his brand awareness slipperiness though.

Overall I think it would probably put an end to crypto's progress for a long time. The code would be of massive use to private projects but the public side would probably never recover.

Two squabbling Bitcoins is exactly what many detractors expect anyway. If it can happen there it can happen absolutely anywhere.
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March 16, 2017, 07:34:18 PM
 #10

This will be a fresh source of drama for a long time. That's for sure. The miners would be crazy to go on with the HF - they would suffer from the crash as well, but looking at the vitriol being poured at the flamewars - some of them might have crossed the rationality border now.

Personally I am out until it resolves, or at least until I make some more informed opinion on how probable the HF is.

By the way LTC looks like a perfect hedge in this case - if there is a HF and ensuing chaos then LTC will be the closest substitution for BTC. It has been hibernating in bear mode for a long time, because it is the least innovative of the main alts - but now the lack of innovation is what makes it the best substitution for BTC.
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March 16, 2017, 07:58:08 PM
 #11

This will be a fresh source of drama for a long time. That's for sure. The miners would be crazy to go on with the HF - they would suffer from the crash as well, but looking at the vitriol being poured at the flamewars - some of them might have crossed the rationality border now.


BTU supporters have crossed the rational border a long time ago.

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March 16, 2017, 08:03:31 PM
 #12

The BU guys seem oblivious to these hazards, since they only focus on the properties of their half of the chain.

Two competing chains vying for the title of the One True Bitcoin would be horrendous. And I was sitting here thinking the coin denomination was bad.

BTU supporters are fanatic lunatics and they don't care if Bitcoin dies just that Core don't win.


Blockstream is a company financed by banks and insurers. Their main goal is to weigh bitcoin, and in fact they are getting it.
But people are very easy to deceive

BITCOIN CASH IS THE REAL BITCOIN, BITCOIN SEGWIT IS PAYPAL
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March 16, 2017, 09:13:43 PM
 #13

Anyone with a brain can see that. What do you think people gonna do with all those free bitcoins? If you think they will hold them, you are delusional. It will be a bloody dumpfest.

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March 16, 2017, 09:25:26 PM
 #14

Making an alt of an alt is one thing, we saw with Etherum that it could work, but it was chaos for a while. Making an alt of BTC, that's another story, and I'm not sure BTC or even cryptos in general can afford similar chaos with BTC.

A bit like the Euro can be in trouble and overcome it, but if the USD was in trouble, there would be a worldwide panic for sure.
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March 16, 2017, 09:41:14 PM
 #15

The BU guys seem oblivious to these hazards, since they only focus on the properties of their half of the chain.

Two competing chains vying for the title of the One True Bitcoin would be horrendous. And I was sitting here thinking the coin denomination was bad.

BTU supporters are fanatic lunatics and they don't care if Bitcoin dies just that Core don't win.


Blockstream is a company financed by banks and insurers. Their main goal is to weigh bitcoin, and in fact they are getting it.
But people are very easy to deceive


And China is not trying to take Bitcoin for themselves  Roll Eyes

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March 16, 2017, 10:11:46 PM
 #16

what is BTU, new coin or what
or bitcoin new block size with unlimited block size, this mean can incraese fast time in transaction bitcoin
i think is good if bitcoin block size is unlimited

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March 16, 2017, 10:20:36 PM
 #17

BTU will be an altcoin, virtual currency will suffer a lot we will go back a lot
hope someone stop them

Geek,
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March 16, 2017, 10:35:41 PM
 #18

what is BTU, new coin or what
or bitcoin new block size with unlimited block size, this mean can incraese fast time in transaction bitcoin
i think is good if bitcoin block size is unlimited

Bitcoin Unlimited = BTU = Alt Coin

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March 16, 2017, 11:41:08 PM
 #19

I read BitcoinUnlimited software is getting crashed due to bugs within it. If this is the case, we cannot expect miners are adopting this option of increasing block size by their preferences. In my understanding chances for hard fork is very very less in near future. Here is the news article on BitcoinUnlimited : https://www.cryptocoinsnews.com/caused-bitcoin-unlimited-node-crash
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March 16, 2017, 11:51:29 PM
 #20

Nah! I don't think so! The hardforkers will go to their fork and the people who uses bitcoins will stay with bitcoins. The ratio of people moving to the Bitcoin unlimited will not be significant that will drop the prices of bitcoins. BTU will just be another altcoin! Especially the bug that was recently found, that is a cause of concern. It was not found by the developers but by some users. That is alarming really. Knowing that your devs are incompetent to not know there was that kind of bug.
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